The expected long-run return for the Global Market Index (GMI) held steady at 6.0% annualized in March, unchanged from last month and close to its trailing performance over the past decade. The forecast is based on the average estimate for three models (defined below).
Daily Archives: April 4, 2023
Macro Briefing: 4 April 2023
* US debt-ceiling crisis is still approaching with few, if any, signs of progress
* China launches cybersecurity probe into US chipmaker Micron Technology
* World Bank warns of “lost decade” ahead for global growth
* Italy is first Western country to block AI chatbot ChatGPT
* Global manufacturing output rises for second month in March
* Interest rates for car loans reach record high
* US construction spending unexpectedly eased in February
* US ISM Mfg Index slides deeper in March, indicating contraction for fifth month:
