• U.S Equity Markets fell for the third week out of the past four, while the selling of Treasuries slowed for the week as tension surrounding Syria weighed on market sentiment and increased demand for safe assets.
• GDP for Q2 was revised up from 1.7% to 2.5% on Thursday, expansion driven mostly by increase in exports, investment, and inventory accumulation.
• For August, the S&P 500 had the worst monthly return since May 2012 and is on extremely low volume of less than 10 billion shares.
• Large-cap stocks outperformed higher beta small-cap stocks while large-cap growth stocks outperformed large-cap value stocks.
• For the week, energy and utilities were the best performing sectors, while financials and industrials were the worst performing sectors.
• Oil rose for the week, amid supply concerns over the instability in the Middle East.
• For the week ending 8/30/13, the S&P 500 fell -1.84% closing at 1632.97. The MSCI EAFE Index lost -3.26% closing at 1697.34 and the MSCI EM Index dropped -0.35% to end the week at 929.54.
