• Additional speculation that the Fed would begin to scale back bond purchases sooner than expected caused equity markets to slide for the week while treasury prices rose.

• U.S equity mutual funds continued with its 31st consecutive week of inflows taking in $4.0 billion for the week.

• The WSJ Dollar Index hit a seven-week low on Friday, and is down 4% in the past month.

• Initial jobless claims came in at 335,000 on Thursday.

• Bloomberg reported that 72% of the 446 S&P 500 stocks, which reported earnings in Q2, have exceeded analyst’s estimates.

• For the week, large cap stocks outperformed small cap stocks with large cap growth outperforming large cap value.

• Materials and consumer staples were the best performing sectors while telecom services and financials were the worst performing sectors for the week.

• For the week ending 8/09/13, the S&P 500 fell -1.07% closing at 1691.42. The MSCI EAFE Index gained 0.28% closing at 1768.14 and the MSCI EM Index dropped -0.42% to end the week at 951.37.