• Solid gains lift most global markets this week
• Another week of strong gains for our portfolio strategy benchmarks

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Risk-adjusted performance continued to rise in August for the Global Market Index (GMI), an unmanaged, market-value-weighted portfolio that holds all the major asset classes (except cash). GMI’s Sharpe ratio increased for a sixth straight month, reaching 0.93 – the highest in over two years.

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* Millions of jobless Americans are about to lose federal unemployment benefits
* Japan’s prime minister announces he’ll quit after a year in office
* Looking for clues for predicting how the Taliban will govern Afghanistan
* China Services PMI: sector contracted in August for first time since April 2020
* US jobless claims remained strong in August
* GM to halt most production at North American plants due to chip shortage
* One of biggest hedge funds agrees to pay up to $7 billion to settle tax dispute
* US rent inflation will accelerate, predict two Fed economists predict: