The Global Market Index’s (GMI) expected long-run performance held at 6.0% annualized in February, unchanged from last month, based on the average estimate for three models (defined below). Today’s revised outlook is slightly below the trailing 10-year return for GMI, an unmanaged, market-value-weighted portfolio that holds all the major asset classes (except cash).
Daily Archives: March 2, 2023
Macro Briefing: 2 March 2023
* US 10-Year Treasury yield rises above 4% for first time since November
* Mortgage applications in US drop to 28-year low as rates rise
* Global manufacturing output rises in February after six months of decline
* Eurozone inflation eases in February but remains high at 8.5%
* Economists expect firmer economic growth in China for 2023
* US construction spending unexpectedly fell in January
* ISM Mfg Index ticks up in February but still shows sector contracting:
