It’s tempting to assume that you can find a silver bullet for predicting returns. But along with unicorns and free money, reliable (or at least high-confidence) one-factor models for estimating ex ante performance are the stuff that dreams are made of.
Daily Archives: August 26, 2022
Macro Briefing: 26 August 2022
* Markets are focused on today’s speech from Fed Chairman Powell @ 10am ET
* Putin orders increase in Russian military troops
* Russia halts a natural gas shipment to Asia over payment issues
* UK energy bills for households expected to rise 80% in October
* Midwest drought is causing more trouble for grain markets
* Will a housing recession lower house prices? Maybe not, says economist
* US consumers borrow at record levels to buy cars
* US Q2 GDP loss is softer than initially estimated
* US jobless claims fall for 2nd week, highlighting tight labor market:
