The Week in Review...
• For the fourth time in five week US equities fell due to continued fears of slow economic growth during a low inflationary environment.
• Treasury yields fell to all-time lows last week over the Federal Reserve’s decision not to raise rates.
• For December, new order for durable goods declined 3.4%, consumer spending fell 0.3% while new single-family home sales boomed 11.6% and US personal income rose 0.3%.
• Initial jobless claims report declined to 265,000, the lowest level since April 2000.
• Small-cap stocks outperformed large-cap stocks while large-cap growth stocks outperformed large-cap value stocks.
• All sectors were negative for the week with materials and consumer discretionary as the best performing sectors and energy and consumer staples as the worst performing sectors.