Week Of: March 31, 2014

klaasfinancial.com

• The US equity markets rose 0.44%, marking a close for the first quarter of 2014 with a 1.80% return for the index.

• The 10 year Treasury Yield rose 1 bps even following a weaker than expected payrolls report.

• Unemployment rate remained unchanged at 6.7% in March with US initial jobless claims coming in at 326,000 for the week.

• For March, the ISM manufacturing index increased to 53.7, while the ISM non-manufacturing index increased to 53.1. Both coming in below consensus.

• For the 13th consecutive week of inflows, US equity mutual funds took in $2.2 billion for the week.

• Large-cap stocks outperformed small-cap stocks, while large-cap value outperformed large-cap growth stocks for the fifth consecutive week.

• Industrial, telecom services and materials were the best performing sectors for the week while, info technology, financials and consumer staples were the worst performing sectors.