The pace of jobs creation in April improved for the third month in a row, according to the ADP Employment Report. “The 220,000 US private sector jobs added in April is well above the twelve-month average,” noted ADP’s president and chief executive officer. “Job growth appears to be trending up and hopefully this will continue,” said Carlos Rodriguez.
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What’s your return expectation for your investment portfolio? That’s a tough question to answer because there are many ways to estimate future performance. Meanwhile, let’s not forget that every forecast is probably wrong in some degree and so it’s a good idea to crunch the numbers from multiple angles. As a first step with modeling multi-asset-class strategies, I like to begin with what’s known as equilibrium risk premiums.
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