The long-run performance estimate for the Global Market Index (GMI) ticked up again in March vs. the previous month. Today’s revised forecast (based on three models defined below) indicates a 6.9% annualized return for the unmanaged benchmark, which holds all the major asset classes (except cash), according to market weights via a set of ETF proxies.
Daily Archives: April 2, 2024
Macro Briefing: 2 April 2024
* Gold prices reach a new record high on Monday
* Housing is the Fed’s main inflation challenge lately
* Expectations for European stock are far too low, advises JP Morgan analyst
* US construction spending falls for second straight month in February
* Eurozone manufacturing activity continued contracting in March: PMI survey
* ISM Mfg Index in March indicates slight expansion–first increase in 16 months:
