The long-term risk premia projection for the Global Market Index (GMI) ticked up again in June, rising to 4.6%. This annualized estimate for GMI reflects the long-run forecast over the “risk-free” rate, based on a risk-centered model outlined by Professor Bill Sharpe (details below).
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Daily increase in US coronavirus cases sets record of 50,000-plus: WSJ
Trump, in a change of message, says: I’m “all for masks”: BBC
China’s new security law for Hong Kong takes a bite out of free speech: Vox
Hundreds arrested in Hong Kong for breaching the new security law: CNBC
Russian voters approve law to let Putin to stay in power through 2036: CNN
Will June’s expected surge in US hiring persist in the months ahead? AP
Two firms report encouraging data for experimental Covid-19 vaccines: STAT
Fed minutes: economy still needs ‘highly accommodative’ policy: CNBC
Global mfg activity recovered most of recent losses in June: IHS Markit
US mfg activity expanded in June, rebounding from sharp decline: ISM
US companies hired nearly 2.4 million workers in June via ADP data: CNBC