The expected long-run return for the Global Market Index (GMI) ticked down to a 5.9% annualized pace in April, fractionally lower vs. last month’s estimate. The forecast, based on the average estimate for three models (defined below), is near the lower range for realized performance in recent history, based on a rolling 10-year return.
Daily Archives: May 2, 2023
Macro Briefing: 2 May 2023
* US government could run out of cash by early June, advise Yellen and CBO
* IMF lifts growth outlook for Asia, citing China recovery
* Eurozone manufacturing activity falls in April–first decline since January
* Eurozone annual inflation in April ticks up for first time in six months
* Actively-run ETFs are a small niche but growing rapidly
* US construction spending rose in March, first gain in four months
* US ISM Mfg Index edges higher, which suggests sector recession is easing:
