We are very proud to say that Klaas Financial has been featured in this week’s issue of Forbes Magazine! Click HERE to view an electronic version of the article.
• US equities were negative for the week, breaking the nine week trend without negative performance over continued fear that the Fed will begin tapering soon.
• Treasuries were up for the week in spite of the continued improvement in the US economic data releases.
• For the first time in four years, the House of Representatives passed a US Budget aimed to ease a number of sequester cuts and add stability to the financial system.
• US initial jobless claims came in at 368,000 for the week.
• In November, retail sales rose 0.7% beating the estimated 0.6% while the producer price index decline 0.1%.
• Large-cap stocks outperformed small-cap stocks while large-cap growth stocks outperformed large-cap value stocks.
• For the week, all ten economic sectors were negative with materials and consumer discretionary performing the best and health care and telecom performing the worst.
• For the week ending 12/13/13, the S&P 500 fell -1.65% closing at 1775.32. The MSCI EAFE Index lost -1.57% closing at 1818.48 and the MSCI EM Index dropped -1.17% to end the week at 990.48.
