The expected risk premium for the Global Market (GMI) ticked up in August, reaching an annualized 6.1%, slightly above the previous month’s estimate. That’s a relatively elevated level compared with recent history. The forecast relates to the long-run outlook for GMI’s return over the “risk-free” rate, which is based on the yield for a 3-month Treasury bill.
* Hurricane Ida’s remnants bring widespread flooding to US Northeast
* Global mfg growth slipped to six-month low in August via PMI survey data
* US construction spending ticked up to 9.0% annual gain, a pandemic high
* Will ending eviction protections harm the economic recovery?
* The outlook for merger arb trades looks encouraging, predicts GMO
* US manufacturing posts slightly stronger growth in August
* US private payrolls grew faster in August, but less than forecast via ADP data: