Week Of: July 15, 2013

klaasfinancial.com

• Treasuries rallied for the second week in a row and the S&P 500 and Dow Jones Industrial Average indices made new all-time closing highs mid-week as Fed Chairman Bernanke restated his commitment to accommodative policies in his semiannual monetary policy report to Congress.

• For June, retail sales increased 0.4%, CPI increased 0.5% and industrial production rose 0.3%.

• Positive inflows continued for mutual funds as $2.7 billion came in for the week.

• Higher beta small-caps stocks did better than large-cap stocks for the week, while large-cap value stocks outperform large-cap growth stocks.

• As of Friday, oil was up 18% for the year and at a 52 week high at $108.05 a barrel.

• Gold rose 1.3% to $1,294 an ounce for the week.

• For the week ending 7/19/13, the S&P 500 gained 0.71% closing at 1692.09. The MSCI EAFE Index gained 1.30% closing at 1733.47 and the MSCI EM Index rose 0.54% to end the week at 950.47.