• US equity markets rose for the fourth time in five weeks, the S&P 500 reaching a new intra-day record high during the week on constructive economic data.
• 10 year Treasury Yields sold off ahead of the U.S. nonfarm payrolls report, closing at 2.79%.
• The Bureau of Labor Statistics reported 175,000 net, new nonfarm payroll employees and an unemployment rate of 6.7%, despite severe winter weather.
• The February ISM Manufacturing Index was reported at 53.2, ahead of 52.3 expectations, and January Personal Income and Spending grew 0.3% and 0.4%, respectively.
• US equity based mutual funds saw inflows of $2.8 billion for their 9th consecutive week of inflows.
• For the week, small-cap stocks outperformed large-cap stocks while large-cap value stocks outperformed large-cap growth stocks.
• Financial and industrials were the best performing sectors for the week while utilities and healthcare were the worst performing sectors for the week.
• For the week ending 3/07/14, the S&P 500 gained 1.00% closing at 1878.04. The MSCI EAFE Index
lost -0.44% closing at 1927.45 and the MSCI EM Index rose 0.03% to end the week at 966.72.
