Weekly Chart BookApril 28, 2014

Global Clients…Global Portfolios

disclosure: The opinions expressed in this Weekly Chart Book report are those of the author. The materials and commentary are strictly informational and should be used for research use only. This bulletin is not intended to provide investing or other advice or guidance with respect to the matters addressed in the bulletin. All relevant facts, including individual circumstances, need to be considered by the reader to arrive at investment conclusions that comply with matters addressed in this bulletin. Charts and information used in this report are sourced from Bloomberg.

Financial Conditions

4

Developed Markets

5

Emerging Markets

6

US Financial Conditions vs. 52 weeks & 2000-2007 Period

7

The VIX Index (S&P 500 Implied Volatility)

8

AAII Bullishness Index - % Bullish

9

StateStreet Investor Confidence Index

10

Global Financial Stress Index (Higher = More Stress)

11

Citi Macro Risk Index

12

SHIBOR (Shanghai Interbank Overnight Lending Rate)

13

S&P 500 – This Week

14

10 Year UST Yields – This Week

15

Gold Price – This Week

Fixed Income & Credit

17

US Yield Curve (Current vs. 1 Month & 12 Months Ago)

18

UST Curve vs. US Investment Grade Curve

19

U.S. Treasury 30 Year Yield

20

U.S. Treasury 10 Year Yield

21

Fed’s 5 Year Forward Breakeven (Inflation Expectations)

22

Investment Grade Bond Prices

23

Investment Grade Credit Spread (BBB – 10 Yr. UST Yield)

24

High Yield Bond Prices

25

High Yield Credit Spreads (HY – 10 Yr. UST Yield)

26

Emerging Market Debt (USD Denominated)

27

Emerging Market Bond Spreads

Global Equities

29

World Equity Indices

30

MSCI All Country World Index

31

S&P 500 Index

32

MSCI EAFE (Europe, Australia, Far East) Index

33

MSCI Emerging Markets Index

34

Equity Risk Premiums by Country

35

Sector Performance by Region (YTD)

36

Earnings Scorecard: Q1 2014 S&P 500

The Economy

38

Last week’s Economic Calendar

39

Next week’s Economic Calendar

40

Economic Surprise Monitor (Deviations from Expectations)

41

6 Month Outlook for Increase Capital Expenditures

42

NFIB Small Business Actual Capital Expenditures

43

Fed’s Total Credit Market Borrowing and Lending

44

US Auto Sales Total (Annualized SA)

Currencies & Commodities

46

World Currencies vs. U.S. Dollar (6 Month Spot Returns)

47

World Currencies vs. U.S. Dollar (Spot Forecast: Q3 2014)

48

Carry Trades vs. U.S. Dollar (6 Month Carry Returns)

49

US Dollar Index

50

Euro €

51

Japanese Yen ¥

52

Mexican Peso

53

Brazilian Real

54

Russian Ruble

55

Indian Rupee

56

Chinese Renminbi

57

US Dollar vs. S&P500 to EM Ratio

58

Japanese Yen vs. 10 Year UST Yield (12 years)

59

Japanese Yen vs. 10 Year UST Yield (YTD)

60

Global Commodity Prices

61

Continuous Commodity Index – 5 Years

62

Gold Prices – 5 Years

63

Crude Oil Prices – 5 Years

Investment Themes & Value

65

Industry - Valuations

66

Technology

67

U.S. Financials Services

68

Energy Exploration & Production

69

WTI – Brent Crude Oil Spread

70

Goldcorp

71

Yamana

72

Gold to Gold Miners Ratio

73

High Yield Bonds