•Domestic equities were down for the week, with small cap stocks falling the most. International equities ended the week in negative territory as well, with emerging markets stocks outperforming their developed counterparts.
•Treasury yields were mixed through end of day Thursday, with longer-term yields falling more than ten basis points, whereas shorter yields rose, leading to a flatter yield curve.
•The US dollar weakened during the week, as the yield on the 10-Year Treasury Note fell to three-month lows.
•Commodities were up over all, on the back of a strong upward movement in the price of crude oil, after a surprising announcement that the Organization of the Petroleum Exporting Countries (OPEC) and its allies will cut production more than expected.
•In other economic news, the Institute of Supply Management (ISM) has released the November Non-Manufacturing Purchasing Managers’ Index (PMI), and reported a headline composite number of 60.7, up .04 since last month. This represents continued growth, and at a slightly faster rate, in the non-manufacturing sector.
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