The long-run performance outlook for the Global Market Index (GMI) ticked higher in January, reaching an 6% annualized forecast, based on the average estimate for three models (defined below). Today’s estimate remains in line with the trailing 10-year return for GMI, an unmanaged, market-value-weighted portfolio that holds all the major asset classes (except cash).
Daily Archives: February 2, 2023
Macro Briefing: 2 February 2023
* Ukraine says Russia preparing for ‘maximum escalation’ in the war
* US increases military presence in Philippines to strengthen Asia influence
* Biden and McCarthy meet to discuss debt ceiling but no agreement announced
* Global manufacturing contraction shows signs of easing in January
* US job openings post surprising gain in December
* Construction spending for US is surprisingly weak in December
* US manufacturing activity continues sinking in January via ISM survey data
* Federal Reserve raises interest rates by 1/4 point as…
* Fed’s Powell says central bank not done lifting rates yet
* US hiring at companies slows sharply in January, ADP reports:
