Here we go again: Another batch of economic updates and another round of disappointment. That sums up the latest numbers released this morning via the ADP Employment Report and the ISM Manufacturing Index. In both cases, the trend has taken a turn for the worse. The bad news arrives on the heels of yesterday’s discouraging trio of economic reports. Stepping back and considering the latest updates suggests that we’ve entered a nasty pattern for macro news.
Daily Archives: June 1, 2011
Major Asset Classes | May 2011 Performance Update
Bonds in the U.S. and emerging markets, along with REITs posted gains last month while stocks and commodities retreated. That’s no surprise, given the renewed worries for economic growth. Meanwhile, our proprietary Global Market Index (GMI), a passively weighted mix of all the major asset classes, shed 1.1% in May.