The Global Market Index (GMI) — an unmanaged, market-value weighted portfolio comprised of the major asset classes — is expected to earn an annualized 4.9% risk premium (return over the “risk-free” rate) in the long run, based on analysis of data through April 2018.
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S. Korea’s president to meet Trump on Tues for N. Korea discussion: CNN
US reinforces E. Asia’s missile defenses ahead of N. Korea summit: Reuters
Trump retreats from imposing sanctions on China: Bloomberg
US demands Iran make changes to policy or face economic sanctions: Reuters
Goldman’s chief economist: US fiscal outlook is troubling: CNBC
Philly Fed president supports 2 to 3 rate hikes for the rest of 2018: Reuters
Minneapolis Fed president warns against aggressive interest rate hikes: MW
Atlanta Fed president: Fed close to its inflation, employment goals: Reuters
Chicago Fed Nat’l Activity Index: 3-mo avg for Apr rises to 2018 high: Chicago Fed