The expected risk premium fell below 4% for the Global Market Index (GMI) in the wake of market turmoil unleashed by the global spread of the coronavirus. The index’s long-term annual return projection over the “risk-free” rate is now 3.8% annualized, down from last month’s 4.5% estimate and the 4.7% forecast from a year ago.
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Potential COVID-19 vaccine testing “on track” but still 12-18 months away: CNBC
2017 tax overhaul may be revisited as gov’t considers more stimulus: BBG
Trump expects Russia-Saudi oil deal to help ‘ravaged’ industry: Reuters
Factory output contracted in US and around the world in March: WSJ
US auto sales fell sharply in March due to coronavirus: CNN
Prepare for another ugly update on US jobless claims today: CNBC
Brazil’s President Bolsonaro remains defiant in dismissing Covid-19: NY Times
US gun sales surged in March as coronavirus spread: NY Times
Global manufacturing downturn continued in March: IHS Markit
US private employment fell in March–first decline in nearly 3 years: ADP