• US equity markets rose for the third time in four weeks, reaching new all-time closing highs on Friday.
• 10 year Treasury Yields closed lower at 2.65% following positive economic data releases that lifted concerns of slowing economic growth.
• Fed Chairman Janet Yellen reiterated accommodative measures, offsetting fears of uncertainties in Ukraine.
• The Bureau of Economic Analysis revised its Q4 2013 economic growth estimate downward from 3.2% to 2.4%, however the underlying drivers of growth continue to be viewed as strong.
• US equity based mutual funds saw inflows of $2.5 billion for their 8th consecutive week of inflows.
• For the week, small-cap stocks outperformed large-cap stocks while large-cap growth stocks outperformed large-cap value stocks.
• Consumer discretionary and materials 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 2/28/14, the S&P 500 gained 1.26% closing at 1859.45. The MSCI EAFE Index gained 0.57% closing at 1935.88 and the MSCI EM Index rose 0.75% to end the week at 966.42.
