Weekly Commentary

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Tuesday, September 2, 2014

Despite an uptick in Ukrainian/Russian tensions, equity markets surged through a light-volume holiday week to finish off August on a high note. With the week’s advance, the S&P 500 broke through the 2000 level for the first time and delivered its best month since February and its best August since 2000. Ten-year Treasury yields hit their lowest levels in more than a year, trading as low as 2.33% last week.

Monday, August 25, 2014

With geopolitical fears easing and U.S. economic data suggesting a continuation of the second quarter’s rebound, markets surged — the S&P 500 set a new record high, while the Nasdaq is trading at its highest level since 2000 — though concerns about Russia’s continued involvement in Ukraine flared on Friday to put a bit of a damper on the week. Ten-year Treasury yields traded as low as 2.38%, though finished slightly higher for the period.

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