This month’s outlook for long-run risk premiums (return over the “risk-free” rate) is generally unchanged from the previous estimates. For example, the Global Market Index (GMI)–an unmanaged, market-value weighted mix of all the major asset classes—is currently expected to generate an annualized 4.1% risk premium, based on analysis of data through April 2014. The projection matches last month’s forecast.
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US retail sales are expected to rise 0.2% in tomorrow’s April report vs. the previous month, according to The Capital Spectator’s median econometric forecast. The prediction represents a substantially slower rate of growth over the previously reported 1.1% gain for March.
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