The long-term return forecast for the Global Market Index (GMI) ticked lower in December, easing to an expected 6.7% annualized total return, based on the average for three models (defined below). GMI is a market-value-weighted portfolio that holds all the major asset classes (except cash) via a set of ETF proxies. Today’s revised performance estimate for the benchmark is slightly below last month’s outlook.
Daily Archives: January 3, 2024
Macro Briefing: 3 January 2024
* Top Hamas leader killed in Beirut, raising fears of wider war in Middle East
* Maersk halts Red Sea shipping after Houthi militant attack
* US national debt rises to record $34 trillion
* US corporate profit growth set to accelerate in 2024, analysts predict
* Global manufacturing sector continued to contract modestly in December
* US construction spending rose for 11th straight month in November
* US manufacturing output remained weak in December via PMI survey data:
