- Domestic equities rose for the week, with small cap stocks appreciating the most and growth stocks outpacing value. International equities and emerging markets stocks also ended the week in positive territory but failed to keep pace with their domestic counterparts.
- Treasury yields across the curve were down through end-of-day Thursday, with shorter-term yields falling more than longer-term yields.
- The US dollar weakened against a basket of major trade partners’ currencies during the week, as the Federal Reserve cut rates by 25 basis points.
- Commodities declined for the week, as lower energy prices outweighed the upward move for gold.
- In other economic news, US gross domestic product (GDP) grew at a rate of 1.90% for the third quarter on continued expenditures from the government and the consumer. Despite the contracting business investment, the US economy grew at a faster rate than most economists expected.
Click here to download the complete weekly report: EWMWeeklyReview 11.04.19
Disclosure: Past performance is not necessarily indicative of future results.