Would you like to learn more about the Goverment Shutdown? If so, take a minute to read a timely article titled “Government Shutdown, Debt Ceiling, and Your Portfolio” HERE.
• Equities and treasury yields ended the week higher as investors continue to speculate about the length of the government shutdown and the outcome of the upcoming debt ceiling debate.
• The one-month US Treasury bill yield increased above .35%, its highest since the 2008 financial crisis.
• For the week, higher beta small-cap stocks were outperformed by large-cap stocks while large-cap value outperformed large-cap growth stocks.
• US initial jobless claims rose to 374,000 on Thursday.
• Utilities and consumer staples were the best performing sectors for the week, while consumer discretionary and materials were the worst performing sectors.
• For the second consecutive week US based equity mutual funds had moderate outflows as investors cashed $142 million.
• For the week ending 10/11/13, the S&P 500 gained 0.75% closing at 1703.2. The MSCI EAFE Index gained 0.62% closing at 1827.93 and the MSCI EM Index rose 1.52% to end the week at 1023.21.
