Week Of: March 17, 2014

klaasfinancial.com

• US equity markets fell for the first time (-1.97% S&P) in three weeks due to fears over Ukraine tension and Chinese economic data.

• As US equities fell, Treasury prices soared due to global risk aversion, with the 10 yr Treasury yield falling -14bps to 2.65%.

• U.S. February retail sales increased for the first time in three months, despite snow storms and abnormally cold temperatures.

• US equity based mutual funds saw inflows of $4.5 billion for their 10th consecutive week of inflows.

• For the week, domestic equities (-1.97% S&P) outperformed international (-3.06% MSCI EAFE) & emerging market equities (-2.98% MSCI EM), with value stocks outperforming growth stocks across each domestic equity market cap (small, mid, large).

• Utilities and Consumer Staples were the best performing sectors for the week, while Industrials and Consumer Discretionary were the worst performing sectors for the week.