After three straight weekly declines, the Global Market Index (GMI) rebounded for the trading week through Friday, Aug. 25. This unmanaged benchmark holds all the major asset classes (except cash) in market-value weights via ETFs and represents a competitive measure for multi-asset-class-portfolio strategies.
Daily Archives: August 28, 2023
Macro Briefing: 28 August 2023
* Inflation “remains too high,” says Fed Chairman Powell
* World’s central bankers unsure if rates high enough to tame inflation
* Fallout from China slowdown is probably limited for US economy
* Shares in Evergrande (crisis-hit Chinese developer) crash as trading resumes
* US government shutdown risk for autumn appears to rising
* US home prices have bottomed and will rebound in 2024, predicts Zillow
* Inflation and jobs are in focus for this week’s US economic updates
* Rally in US large-cap growth stocks looks overbought, says RBC analyst:
