• Treasuries rallied for the week while equity markets ended the week down due to concerns over emerging markets and mixed economic data.

• The annualized Q4 real GDP came in at 3.2%, exactly at consensus. It is the best consecutive quarter performance since 2011.

• U.S crude oil increased for the week to $96.98 while gold prices decreased to $1244.40.

• For January the S&P500 return was -3.5%, marking it the worst January since 2010. The negative performance came from concerns over emerging markets and corporate earnings in the United States.

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

• For the week, utilities, healthcare and materials were the best preforming sectors while consumer staples, energy and consumer discretionary were the worst performing sectors.

• For the week ending 1/31/14, the S&P 500 fell -0.43% closing at 1782.59. The MSCI EAFE Index lost -2.33% closing at 1837.64 and the MSCI EM Index dropped -1.41% to end the week at 936.53.