The expected risk premium for the Global Market Index (GMI) edged down to an annualized 4.7% in October, modestly below the previous month’s estimate. The projection is a long-run forecast for performance over the “risk-free” rate, according to a risk-based model (details below).
Daily Archives: November 3, 2020
Macro Briefing: 3 November 2020
Biden favored in election modeling as US begins voting: FiveThirtyEight
One outlier pollster predicts a clear Trump victory: NYT
Portfolio changes based on election results are risky: CNBC
Economists don’t expect Fed to increase asset purchases through 2021: BBG
US Treasury cuts estimates for borrowing through end of 2020: WSJ
US construction spending rose less than expected in Sep: Reuters
Global manufacturing output rose at 2-1/2 year high in October: IHSM
China Mfg PMI rises in Oct to highest level since 2011: IHSM
Eurozone manufacturing output continued to strengthen in October: IHSM
US Mfg PMI rose in Oct to highest level since Jan 2019: IHSM
US ISM Mfg Index: manufacturing posted strong pickup in growth in Oct: ISM
