Financial Markets & EconomyWeekly Capital Market Updates

EWM Weekly Capital Market Highlights for Week Ended 5/31/2019

By June 3, 2019 No Comments
  • Among equities, large caps trailed small caps slightly; growth stocks outperformed value stocks; international stocks beat US stocks; and developed markets underperformed emerging markets.
  • 10-year Treasury yield fell. The yield on the 10-year US Treasury Note slid to 2.17%, as a portion of the yield curve remains inverted, with the 3-month yield sitting at 2.34%.
  • Commodity indices overall had mixed returns for the week. Crude oil prices plunged towards the end of the week, with Brent Crude hovering around $65.
  • Dollar rose. The dollar jumped and the dollar index (DXY) closed at a level close to previous highs posted a month ago.
  • Among major economic data, jobless claims moved slightly higher, and mortgage applications are down 1.00% for the week.

Disclosure: Past performance is not necessarily indicative of future results.