The expected risk premium for the Global Market Index (GMI) continued to inch up in August, reaching an annualized 5.0% — fractionally higher vs. the estimate in the previous month. The projection reflects the annualized return over the estimated “risk-free” rate for the long run for GMI, an unmanaged market-value-weighted portfolio that holds all the major asset classes.
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New offensive operations begin in Syria: NY Times
Trump considers a government shutdown ahead of elections: Bloomberg
Senate confirmation hearing for Kavanaugh begins with chaos: Reuters
US ISM Mfg Index soared to 14-year high last month: MarketWatch
Global Mfg PMI fell to 21-month low in August: IHS Markit
US Mfg PMI dipped to nine-month low in August: IHS Markit
Construction spending in US ticked up 0.1% in July: AP
SUV sales in US rose sharply again in August: CNBC
Selling continues to weigh on assets in emerging markets: Bloomberg