· For the seventh consecutive week the US equity market rallied with the Dow Jones Industrial Average and the S&P 500 both closing at record highs.

· Equity markets did slide in the beginning of the week with the Federal Reserve announcing the central bank may reduce bond purchases in the months ahead.

· Retail sales beat the consensus and rose 0.4% in October while the producer price index and consumer goods were both down 0.2% for October.

· Gold slumped to a four-month low, closing the week at 1,242.10.

· Small-cap stocks outperformed large-cap stocks for the week while large-cap stocks outperformed large-cap growth stocks.

· Health care and financials were the best performing sectors for the week while utilities and telecom services were the worst performing sectors for the week.

· For the week ending 11/22/13, the S&P 500 gained 0.37% closing at 1804.76. The MSCI EAFE Index lost -0.05% closing at 1873.54 and the MSCI EM Index rose 0.40% to end the week at 1009.17.