The Global Market Index’s (GMI) risk-adjusted performance continues to retreat after peaking in December, based on the trailing 3-year Sharpe ratio, a measure of return adjusted by volatility. The sharp reversal has also dragged down the 10-year rolling Sharpe ratio. Both measures fell in February to their lowest levels in nearly a year for this multi-asset-class benchmark.
Daily Archives: March 3, 2022
Macro Briefing: 3 March 2022
* Fed Chair Powell says rate hikes coming, but Ukraine creates uncertainty
* First major Ukrainian city ‘fallen’ to Russian troops
* More than 1 million people flee Ukraine after Russia’s invasion
* The West’s reaction to Ukraine war could cripple Russia’s economy, say analysts
* Commodity prices soar — S&P GSCI index at highest level since 2008
* MSCI pulls Russian stocks from emerging markets indices
* China Composite PMI shows economic growth was “muted” in February.
* Is eastern Europe at risk from Russia?
* US companies continued to hire workers at a strong pace in February:
