The return forecast for the Global Market Index (GMI) held steady in June after ticking higher for four straight months. GMI’s long-term forecast is unchanged at an annualized 7.1%, matching the estimate in the previous month, based on the average of three models (defined below). GMI is an unmanaged benchmark that holds all the major asset classes (except cash), according to market weights via a set of ETF proxies.
Daily Archives: July 2, 2024
Macro Briefing: 2 July 2024
* Signs of cooling US labor market put Fed on alert
* Global manufacturing PMI indicates weak growth continued in June
* Eurozone headline inflation eases to 2.5% in June
* US construction spending posts unexpected decline in May
* US manufacturing sector contracts for third straight month via ISM survey:
