Risk-adjusted performance continued to rise in September for the Global Market Index (GMI), an unmanaged, market-value-weighted portfolio that holds all the major asset classes (except cash). But the widespread losses in markets last month suggest that GMI’s trailing 10-year Sharpe ratio may have peaked for this cycle.
* Sen. Majority Leader Schumer schedules debt-ceiling vote for Wednesday
* Sen. Minority Leader McConnell warns he won’t cooperate on raising debt ceiling
* Chinese military aircraft enter Taiwan’s air defence zone for fourth straight day
* White House warns China over its provocations against Taiwan
* New signs of stress emerge in China’s property market
* Oil near 3-year highs after OPEC+ rejects plan for big production increase
* US factory orders rose for a fourth straight month in August: