The projected risk premium for the Global Market Index (GMI) ticked up in February to an annualized 4.6%, slightly above January’s forecast. Today’s revised estimate for GMI (an unmanaged market-value-weighted portfolio that holds all the major asset classes except cash) reflects the ex ante premium over the projected “risk-free” rate for the long run.
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Trump announces end of US preferential trade treatment for India: Reuters
China lowers 2019 growth target to 6%-6.5%: WSJ
House Democrats are conducting sweeping investigation of Trump world: CNN
Crisis is growing in Canadian Prime Minister’s Trudeau’s government: BBC
Eurozone PMI: sluggish economic growth edged up in February: IHS Markit
Sales of US light trucks and autos fell to 18-month low in January: Argus
10 years ago this week the market hit bottom during the Great Recession: CNBC
US construction spending 1-year growth rate fell to 7-year low in Dec: