The Global Market Index (GMI) — an unmanaged, market-value weighted portfolio comprised of the major asset classes — is expected to earn an annualized 4.8% risk premium (return over the “risk-free” rate) in the long run, based on analysis of data through Oct. 2017.
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Trump expected to name Powell as next Fed chair today: Politico
Amazon buys cryptocurrency domain names: CNBC
ADP’s estimate of US job growth rebounds sharply in Oct: USA Today
Fed leaves rates unchanged; hints at hike in Dec: CNBC
ISM Mfg Index eases in Oct but sector’s growth for US still healthy: Reuters
US construction spending up 0.3% in Sep, rising 2.0% vs. year-ago level: AP
The case for applying behavioral economics in macroeconomics: VoxEU
US Mfg PMI rises to 9-month high, reflecting “strong” conditions: IHS Markit