Week Of: September 30, 2013

klaasfinancial.com

• The US equity market fell for the second consecutive week while treasuries were slightly lower for the week with the US government officially shutting-down until there is an agreement on a new fiscal budget.

• The US dollar continued to drop as fiscal unrest with the current US government shutdown and the looming possibility of the US government to default on its debt.

• For September, the ISM non-manufacturing index fell to 54.4, the business activity index declined to 55.1 and the employment index fell to 52.7.

• Small-cap stocks outperformed large-cap stocks for the second consecutive week while large-cap growth stocks outperformed large-cap value stocks.

• For the week, healthcare and materials were the best performing sectors, while industrials and consumer staples were the worst performing sectors.

• US based equity mutual funds broke the 38 consecutive weeks of inflows streak after investors cashed in $292 million for the week.

• For the week ending 10/04/13, the S&P 500 fell -0.07% closing at 1690.5. The MSCI EAFE Index lost -1.04% closing at 1816.7 and the MSCI EM Index rose 0.80% to end the week at 1007.92.