- Domestic equities were slightly positive to flat for the week, with small cap stocks appreciating the most and value stocks outpacing growth. International equities were positive for the week, outpacing their domestic counterparts, but emerging markets stocks ended the week in slightly negative territory.
- The Treasury yield curve steepened through end-of-day Thursday, with shorter-term yields falling while longer-term yields increased.
- The US dollar weakened during the week, as US manufacturing data came in worse than expected, renewing concerns about the slowing economy.
- Commodities appreciated for the week on the back of strong returns from energy prices and a slight upward move for gold.
- In other economic news, the Institute of Supply Management (ISM) has released the November Non-Manufacturing Purchasing Manager’s Index (PMI) and reported a headline composite number of 53.9, down 0.8 from last month Despite the decline, this reading represents continued growth in the non-manufacturing sector.
Click here to download the complete weekly report: EWMWeeklyReview 12.09.19
Disclosure: Past performance is not necessarily indicative of future results.