Charts to WatchGlobal Market Update

September 8, 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.

4

10 Year UST Yields – This Week

5

S&P 500 – This Week

6

S&P 500 Sectors – This Week

7

Global Regions – This Week

Financial Conditions

9

Developed Markets – Year to Date

10

Emerging Markets – Year to Date

11

The VIX Index (S&P 500 Implied Volatility)

12

Global Financial Stress Index (Higher Level = Higher Stress)

Fixed Income & Credit

14

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

15

UST Curve vs. US Investment Grade Curve

16

U.S. Treasury 2 Year Yield

17

U.S. Treasury 10 Year Yield

18

U.S. Treasury 30 Year Yield

19

Fed’s 5 Year Forward Breakeven (Inflation Expectations)

20

Investment Grade Bond Prices

21

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

22

High Yield Bond Prices

23

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

24

Emerging Market Debt (USD Denominated)

25

Emerging Market Bond Spreads

26

Relative Bond Spreads

27

ETF Flows by Fixed Income Sector

Global Equities

29

MSCI All Country World Index

30

S&P 500 Index

31

MSCI EAFE (Europe, Australia, Far East) Index

32

MSCI Emerging Markets Index

33

SPX vs. EAFE vs. EM (YTD)

34

Trend Analysis by Sector (S&P500)

35

Sector Performance by Region (YTD)

36

ETF Fund Flows by Sector

37

ETF Fund Flows by Country

The Economy

39

Last week’s Economic Calendar

40

Next week’s Economic Calendar

41

U.S. Economic Watch – Leading Economic Indicators

42

U.S. Economic Watch – Leading Economic Indicators

43

U.S. Economic Watch – Housing Market

44

U.S. Economic Watch – Housing Market

Currencies & Commodities

46

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

47

World Currencies vs. U.S. Dollar (Spot Forecast: Q4 2014)

48

US Dollar $

49

Euro €

50

Japanese Yen ¥

51

British Pound £

52

Global Commodity Prices

53

Continuous Commodity Index – 5 Years

54

Gold Prices – 5 Years

55

Crude Oil Prices – 5 Years