The expected risk premium for the Global Market Index (GMI) increased again in September. GMI, an unmanaged, market-value weighted portfolio of the major asset classes, is currently projected to earn an annualized 6.7% (over the “risk-free” rate) in the long run. The estimate marks a sharp gain of 70 basis points over the August forecast.
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Key US stock indexes, including S&P 500, close at record highs: MarketWatch
Five tailwinds could keep stock-market rally humming: Bloomberg
10-year Treasury yield rises to 2.34%–highest since mid-July: StockCharts
Hurricanes expected to temporarily weigh on Friday’s jobs report: Bloomberg
The next Fed chair? Trump leaning toward replacing Yellen: Quartz
US ISM Mfg Index rises to 13-year high in September: Reuters
US Mfg PMI, however, still signals moderate growth for Sep: IHS Markit