The expected return for the Global Market Index (GMI) held steady in November. 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 — is unchanged at a relatively lofty 6.9% ex ante annualized total-return performance, matching last month’s estimate.
Daily Archives: December 4, 2023
Macro Briefing: 4 December 2023
* Talk of rate cuts is ‘premature,’ says Fed Chairman Powell
* Nuclear fusion takes another step toward solution to humanity’s energy needs
* Gold trades at new record high — above $2100/oz.
* Hydrogen offers three big, timely opportunities re: climate change
* Federal Reserve faces growing climate-related protests to alter lending rules
* US construction spending increased more than expected in October
* US ISM Mfg Index contracts for 13th straight month in November
* US is producing crude oil at record levels:
