WEEKLY CAPITAL MARKET HIGHLIGHTS:
- Domestic equity large cap stocks outperformed small caps, while growth-oriented stocks outperformed value. US equities outperformed international developed markets, while emerging markets was left relatively unchanged. The NASDAQ Composite Index, which is heavily weighted to information technology stocks, has had an especially strong year, returning over 30% as of Thursday, November 9. The NASDAQ has experienced 64 all-time closings highs this year, more than any other year on record.
- Treasury yields were up slightly from last week. The yield on the 10-Year Treasury Note hovers around 2.4%.
- Commodities ended up from last week, with West Texas Intermediate Crude Oil prices rising approximately 3%.
- The dollar index was down slightly. The dollar ended lower against a basket of major currencies.
- Among other economic data, the four-week moving average for seasonally adjusted initial unemployment claims decreased to 231,250. This represents the lowest level for this average since 1973. Unemployment remains around 4.1%, considered by economists to represent full employment.
Click here to download the complete weekly report: Endowment Wealth Management Weekly Review November 10, 2017