• The S&P 500 closed with 1.30% return for the third straight week of positive performance while treasury prices rallied following the Fed’s announcement that they would not taper its bond purchase program for the time being.

• US initial jobless claims came in at 309k, which was lower than the consensus estimate of 330k.

• The GDP forecast for 2013 was lowered by the FOMC to 2.0-2.3%.

• Higher beta small-cap stocks outperformed large-cap stocks for the week while large-cap growth outperformed large-cap value stocks.

• All ten economic sectors had positive performance for the week, with industrials and materials as the best performing sectors and telecom and healthcare as the worst performing sectors.

• For the 37th consecutive week, U.S based equity mutual funds took in $2.6 billion.

• For the week ending 9/20/13, the S&P 500 gained 1.30% closing at 1709.91. The MSCI EAFE Index gained 2.80% closing at 1836.59 and the MSCI EM Index rose 2.67% to end the week at 1013.17.