The long-run expected total return for the Global Market Index (GMI) ticked higher in April, inching up to an annualized 7.0% from the previous month’s 6.9%. The analysis is based on three models (defined below) for GMI, a global benchmark that’s based on a market-value weighted mix of the major asset classes (excluding cash).
Daily Archives: May 2, 2025
Macro Briefing: 2 May 2025
US manufacturing activity contracted for a second month in April, according to the ISM Manufacturing Index, a survey-based profile of the sector. The weak reading indicates that the brief recovery, following a 26-month run of contraction, has faded. “Demand and output weakened while input strengthened further, conditions that are not considered positive for economic growth,” said Institute for Supply Management chair Timothy Fiore said in a press release.
