• For the third consecutive week, US equity markets rose. Since the beginning of February, the S&P has progressed more than 3%.

• 10 year Treasury ended the week lower at 2.73% due to concerns about emerging markets and turmoil in Ukraine.

• The January FOMC meeting minutes were released mid-week, indicating expectations for marginal slowing growth in early 2014.

• Crude Oil Futures rose 2% to $102.36 for the week.

• For January, the Producer Price Index rose 0.2% and the Consumer Price Index increased 0.1% while housing starts decline 16.0%

• For the week, small-cap stocks outperformed large-cap stocks while large-cap growth stocks outperformed large-cap value stocks.

• Health care and utilities were the best performing sectors for the week while financials and consumer staples were the worst performing sectors for the week.

• For the week ending 2/21/14, the S&P 500 fell -0.13% closing at 1836.25. The MSCI EAFE Index gained 1.50% closing at 1924.84 and the MSCI EM Index rose 0.20% to end the week at 959.26.