EWM Weekly Capital Market Highlights for Week Ended 9/29/2017

WEEKLY CAPITAL MARKET HIGHLIGHTS:

  • During the week, small cap equities outperformed large caps; value stocks led growth stocks; international stocks finished in negative territory after another strong month, and domestic stocks remained positive; and emerging markets under-performed developed markets, continuing their decline.
  • Treasury yields were modestly higher. The yield on the 10-year Treasury Note rose slightly during the week, ending roughly around 2.3%.
  • Commodity indices were mixed. Crude oil prices finished the week up again near multi-month highs on Friday, while gold fell slightly for the week.
  • This week Federal Reserve Chair Janet Yellen repeated her prior comments that this year’s run of low inflation is probably due to limited “idiosyncratic” factors and that she expects inflation to return to normal as the labor market tightens and wage pressures begin to pick up.
  • Among economic data released, recent hurricanes marginally affected jobless claims. For the week ending September 23rd, claims rose by 12,000, to a level of 272,000. The second-quarter US gross domestic product (GDP) growth was revised up to 3.1% from 3%, as the economic core remains stable, job growth is steady and households continue to spend.

Click here to download the complete weekly report: Endowment Wealth Management Weekly Review September 29, 2017

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