The expected return for the Global Market Index (GMI) continued to edge higher in September from the previous month. Today’s revised long-run forecast for this benchmark — a market-value-weighted portfolio that holds all the major asset classes (except cash) via a set of ETF proxies — inched up to an annualized 6.7% return, the highest so far this year.
Daily Archives: October 3, 2023
Macro Briefing: 3 October 2023
* OPEC leader: “resilient” demand and low investment could keep oil prices high
* United Auto Workers union reaches tentative deal on contract with Mack Trucks
* Office market headed for crash in US, investor survey says
* Office attendance in big cities still half of pre-pandemic level
* Construction spending in US increased for eighth straight month in August
* US ISM Manufacturing Index edges higher again in September, close to neutral:
