Daily Archives: May 3, 2022 at 06:29 am EDT

Risk Premia Forecasts: Major Asset Classes | 3 May 2022

The expected risk premium continued sliding in April for the Global Markets Index (GMI). Today’s revision reflects a drop to a 5.4% annualized increase for the long term – a relatively large cut of 40 basis points from last month’s estimate. The new estimate strengthens the outlook, long featured in these updates, for managing expectations down for globally diversified multi-asset-class portfolios relative to realized returns in recent years.

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Macro Briefing: 3 May 2022

* Supreme Court to overturn abortion-rights precedent, leaked document shows
* European Union set to propose phased-in ban on Russian oil
* Possibility of Fed mistake in focus ahead of Wednesday’s policy decision
* Is the era of low-cost supply abundance ending?
* Bank of England expected to raise interest rates to 13-year high
* Australia raises interest rates for first time in over a decade
* China’s manufacturing contraction is accelerating via April PMI survey data
* US ISM Mfg Index slips again in April but still indicates moderate growth: