The expected risk premium for the Global Market Index (GMI) in the long run ticked higher again in April, rising to 5.9% annualized — modestly above the previous month’s estimate. The current expected return estimate — defined as performance above the “risk-free” rate — is still well below the previous realized performance peak for GMI, but today’s revision represents a solid bounce off the lows for recent projections.
Daily Archives: May 4, 2021 at 07:15 am EDT
Macro Briefing: 4 May 2021
* Biden lifts limit on refugees allowed into US
* Congressional debate set to begin on Biden’s economic plan
* India’s pandemic worsens as total Covid-19 cases reported surpasses 20 million
* Warren Buffett names successor to run Berkshire Hathaway
* Global manufacturing activity rebounded less than forecast in March
* US Mfg PMI continued to rise in April but ISM Mfg Index unexpectedly slipped: