The expected risk premium for the Global Market Index (GMI) edged down in January from the previous month’s estimate. Today’s revised 5.9% annualized forecast marks the first dip below the 6.0%-plus mark since October.
Monthly Archives: February 2022
Macro Briefing: 2 February 2022
* Putin says West has ‘ignored’ Russia’s key concerns over Ukraine
* Despite blaming US for Ukraine tensions, Putin still open to diplomacy
* US consumer spending pivoting from goods to services
* US national debt tops $30 trillion for first time
* Eurozone annual inflation rose to 5.1% in January–a record high
* Global manufacturing output and new order growth slowed in January
* Google parent Alphabet reports strong 32% revenue growth in Q4
* Job openings in US remain elevated, near 11 million in December
* US construction spending continued to edged higher in December
* US ISM Mfg Index fell again in January but still indicates growth:
Major Asset Classes | January 2022 | Performance Review
Red ink flowed like wine for most of the major asset classes in January, with some notable exceptions, based on a set of ETFs.
Macro Briefing: 1 February 2022
* Kremlin says US stoking ‘hysteria’ over Ukraine at UN Security Council meeting
* Richmond Fed President Barkin says businesses would welcome higher rates
* Eurozone jobless rate fell to lowest level on record in December
* Eurozone manufacturing activity in January rose to a 5-month high
* German retail sales fell much more than expected in December
* New York Times buys Wordle, popular word game that’s become a hit
* Growth in Texas mfg activity moderated in Jan, but outlooks remain upbeat
* Chicago area economic activity picked up in January via PMI sentiment data
* US 10yr-2yr yield continues to edge lower, falling to lowest since Oct 2020:
