WEEKLY CAPITAL MARKET HIGHLIGHTS:
- Among domestic equities, large outperformed small caps; and growth outperformed value-oriented securities; international equities outpaced US equities; whereas emerging markets outperformed developed.
- The yield on the 10-Year Treasury Note rose modestly to 2.94% from 2.90% at the end of last week. The Commerce Department reported the US trade gap fell to a seven-month low in April. The decline in the trade deficit from $42.2 billion to $46.2 billion in April means that net trade should provide another small boost to gross domestic product (GDP) growth in the second quarter.
- Commodities were mostly lower on the week, dragged down by oil. The West Texas Intermediate traded at $65.8 versus $68.8 for the prior week.
- The US Dollar Index was higher, and the dollar rose Friday, buoyed by stronger-than-expected US jobs data.
- In other economic news: Trade frictions between the US and its allies escalate ahead of the G7 summit.
Click here to download the complete weekly report: Endowment Wealth Management Weekly Review June 8, 2018