- US equities experienced some volatility throughout the week, with the S&P 500 Index breaking the 3,000 level on Tuesday but subsequently trending lower. On the domestic front, larger capitalization stocks outperformed small caps, while international developed markets outperformed emerging markets.
- The yield on the 10-year U.S. Treasury Note decreased slightly over the course of the week, settling at a rate around 1.70%.
- Commodities were generally lower in the week, with oil at the center of investors’ attention. The WTI slipped to its lowest level in a 10-week span as concerns for global demand persisted.
- Consumer confidence rose in September relative to August levels, according to the University of Michigan’s Index for Consumer Sentiment.
- The Personal Consumption Expenditures Price Index (PCE), a Federal Reserve (the Fed) favorite for measuring inflation, rose slightly on a monthly basis and was up 1.80% year over year for August. This reading is below the Fed’s 2% inflation target.
Click here to download the complete weekly report: EWMWeeklyReview 9.27.19
Disclosure: Past performance is not necessarily indicative of future results.