Daily Archives: Jun 4, 2019 at 07:02 am EST

Risk Premia Forecasts: Major Asset Classes | 4 June 2019

The outlook for the Global Market Index’s (GMI) risk premium fell in May, edging down to an annualized 4.5%. The projection marks a relatively sizable decline from the 4.8% estimate in last month’s update. Today’s revision for GMI — an unmanaged market-value-weighted portfolio that holds all the major asset classes (except cash) — represents the ex ante premium over the projected “risk-free” rate for the long term.

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Macro Briefing: 4 June 2019

Fed’s Bullard: rate cut may be near: CNBC
Big tech may have big problem with new US antitrust probe: Reuters
Australia’s central bank cuts interest rates: MW
Rising share of companies expect climate change to impact business: NY Times
Global manufacturing activity contracted in May: IHS Markit
Soft residential housing sector weighed on US construction spending in April: AP
Mfg PMI for US slumps to lowest print in nearly a decade: IHS Markit
US ISM Mfg Index fell in May, reflecting weakest growth since 2017: MW