WEEKLY CAPITAL MARKET HIGHLIGHTS:
- During the week, small cap equities’ returns versus large cap returns were mixed; growth stocks led most value stocks; international stocks trailed their domestic counterparts; and emerging markets outperformed developed markets.
- The yield on the 10-Year Treasury Note stayed mostly flat for the week, ending roughly around 2.9%.
- Purchase applications for home mortgages rose about 6% last week. The week’s sharp pickup in mortgage activity shows buyers are returning after a two-week respite and may point to continued strong demand in the housing market.
- Last week’s US jobless claims were favorable at 232,000; however the figure was a slight increase from a consensus of 230,000.
Click here to download the complete weekly report: Endowment Wealth Management Weekly Review April 20, 2018