The Global Market Index (GMI) continued ticked up again in October from the previous month, extending the recent upside trend. Today’s revised long-run forecast for the benchmark — a market-value-weighted portfolio that holds all the major asset classes (except cash) via a set of ETF proxies — reached an annualized 6.9% return.
Daily Archives: Nov 2, 2023 at 07:08 am EDT
Macro Briefing: 2 November 2023
* Federal Reserve leaves interest rates unchanged for a second time
* Another Fed pause helps support stocks and trim Treasury yields
* Treasury outlines plan to lift bond sales to manage growing debt load
* US private sector payrolls rose less than forecast in October: ADP
* ISM Manufacturing Index indicates 12th straight month of contraction in October
* US construction spending increases for ninth straight month in September
* US job openings rise more than forecast in September:
