Week Of: November 11, 2013

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• For the sixth consecutive week the S&P 500 closed with positive performance, closing at a new high of 1798.18 on Friday.

• On Thursday, Janet Yellen expressed she will continue the stimulus until the market improves which caused stocks and bonds to rally.

• Municipal bond mutual funds saw outflows for the 25th consecutive week, with nearly $50 billion in redemptions for the funds this year.

• US initial jobless claims came in higher than expected at 339k.

• Large-cap stocks outperformed small-cap stocks while large-cap growth outperformed largecap value.

• All sectors were positive for the week with consumer discretionary and healthcare as the best performing sectors while utilities and telecom services were the worst performing sectors.

• For the week ending 11/15/13, the S&P 500 gained 1.56% closing at 1798.18. The MSCI EAFE Index gained 1.62% closing at 1874.48 and the MSCI EM Index rose 0.99% to end the week at 1005.17.