WEEKLY CAPITAL MARKET HIGHLIGHTS:
- Among domestic equities, large outperformed small caps, and growth outperformed value-oriented securities. US equities outpaced international, whereas emerging markets outperformed developed.
- The yield on the 10-Year Treasury Note fell to 2.93% from 3.06% at the end of last week. Investors bid up safe-haven bonds, as risks in Europe and North Korea kept investors on their toes.
- Commodities were mostly lower on the week, dragged down by oil. The West Texas Intermediate traded at 68.8 versus 71.4 for the prior week.
- The US Dollar Index was higher, driven mostly by the falling euro, as soft economic growth and geopolitical risks in Italy caused investor concerns in the euro-zone.
- In other economic news: US business spending on capital goods and equipment picked up in April, a positive shift from prior months. Orders for non-defense capital goods rose by 1%, with both the Trump corporate tax cuts and a strong economy supporting business investment.
Click here to download the complete weekly report: Endowment Wealth Management Weekly Review May 25, 2018