• For the fifth consecutive week, U.S equity markets posted gains even with the apprehension of Fed tapering.
• Q3 GDP growth rate came in stronger than expected at 2.8%, easily outpacing Q2’s 2.5% and Q1’s 1.1%.
• For October, non-farm payrolls increased 204,00 and the ISM non-manufacturing index rose to 55.4 while the unemployment rate increased to 7.3%
• For the week, small-cap stocks outperformed large-cap stocks while large-cap value outperformed large-cap growth stocks.
• US based equity mutual funds took in $3 billion for the week, making it the fourth uninterrupted week of inflow.
• Gold futures took a major hit down to 1,284.60 on Friday, due to the speculation that tapering will happen sooner than expected.
• Tech and energy were the best performing sectors while telecom and utilities were the worst performing sectors for the week.
• For the week ending 11/08/13, the S&P 500 gained 0.51% closing at 1770.61. The MSCI EAFE Index lost -0.75% closing at 1844.62 and the MSCI EM Index dropped -3.17% to end the week at 995.3.
