• Uncertainty in Washington concerning Syria caused treasury prices to end the week much lower while the S&P 500 finished higher all four days of trading.
• Nonfarm payroll employment for the month of August increased +169,000 as the unemployment rate dropped down to 7.3%.
• The Fed’s tapering could be pushed back after a tepid jobs report on released on Friday, paints an unclear picture of the country’s economic strength.
• For the 35th consecutive week of inflows, the U.S based equity mutual funds took in $782 million for the week.
• The ISM non-manufacturing index came in well above consensus, rising to 58.6 in August.
• For the week, higher beta small-cap stocks outperformed large-cap stocks while large-cap growth stocks outperformed large-cap value stocks.
• Energy and materials were the best performing sectors for the week, while telecom services and utilities were the worst performing sectors for the week.
• For the week ending 9/06/13, the S&P 500 gained 1.36% closing at 1655.17. The MSCI EAFE Index gained 2.75% closing at 1744.1 and the MSCI EM Index rose 2.82% to end the week at 955.73.
