Week Of: October 14, 2013

klaasfinancial.com

  • Treasuries rose significantly and equities reached a new record high as the US government reopened to end their stalemate over the debt ceiling limit and the fiscal budget.
  • On Thursday, a bipartisan deal was reached to fund the Federal government through January 15th, 2014 and move the debt ceiling through February 7th, 2014.
  • Both the large-cap S&P 500 and small-cap Russell 2000 indices set new all-time highs during the week.
  • US based equity mutual funds broke the two consecutive weeks of outflows by taking in $2.2 billion for the
    week.
  • All sectors closed higher with telecom and financials as the best performers and utilities and industrials as the worst performers.
  • For the week large-cap growth outperformed large-cap value.
  • For the week ending 10/18/13, the S&P 500 gained 2.42% closing at 1744.5. The MSCI EAFE Index gained 2.76% closing at 1878.47 and the MSCI EM Index rose 1.84% to end the week at 1042.06.