EWM Weekly Capital Market Highlights for Week Ended 1/12/2018

WEEKLY CAPITAL MARKET HIGHLIGHTS:

  • Among equities, small caps outperformed large caps; value stocks led growth stocks; domestic stocks outperformed international stocks; and emerging markets trailed developed markets.
  • Treasury yields surged. The yield on the 10-Year Treasury Note rose above 2.5%, closing in on the 2.6% level. The 10-year German government bond rose to 0.58%, a 14-basis points surge in just a week. Both the European Central Bank (ECB) and the Bank of Japan (BOJ) hinted they may scale down their respective bond-purchase programs earlier than previously planned.
  • Commodity indices rose. Crude oil prices jumped, with WTI crude ending the week at round $64 per barrel.
  • The dollar continued to slide. The dollar index fell to a three-year low, back to the level last seen in January 2015.
  • Among major economic data: December 2017 headline consumer price index (CPI) rose 2.1% year over year, and core CPI rose 1.8% year over year, respectively, indicating inflation is still tame; December 2017 retail sales rose a solid 0.4% from November.

Click here to download the complete weekly report: Endowment Wealth Management Weekly Review January 12, 2018

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