Weekly Chart BookNovember 4, 2013

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.

2

Weekly Highlights Macro Risk and Financial Stress increased this week

10 Yr. Treasury Yields bounce off of 38% retracement

Investment Grade Rolling Over, High Yield Overbought

US Dollar strengthens, bouncing off of lows

ISM Mfg, Industrial Production, & Durable Goods Strong

Retail Sales, Consumer Confidence, and Home Sales Weak

Oil sells off, testing medium term uptrend

SHIBOR (Shanghai Interbank Overnight Rate) increasing

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

Global Financial Stress Index

9

Citi Macro Risk Index

Fixed Income & Credit

11

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

12

UST Curve vs. US Investment Grade Curve

13

U.S. Treasury 10 Year Yield

14

U.S. Treasury 30 Year Yield

15

U.S. Treasury 10 Year Yield – Forecast

16

Fed’s 5 Year Forward Breakeven (Inflation Expectations)

17

Investment Grade Bond Prices

18

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

19

High Yield Bond Prices

20

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

21

Emerging Market Debt (Local Currency)

22

Emerging Market Bond Spreads

Global Equities

24

World Equity Indices

25

MSCI All Country World Index

26

ACWI Earnings Estimates (Forward 12 Months)

27

MSCI ACWI – Price/Earnings & Basic EPS

28

S&P 500 Index

29

S&P 500 Earnings Estimates (Forward 12 Months)

30

S&P 500 – Price/Earnings & Basic EPS

31

MSCI EAFE (Europe, Australia, Far East) Index

32

MSCI EAFE Earnings Estimates (Forward 12 Months)

33

MSCI EAFE - Price/Earnings and Basic EPS

34

MSCI Emerging Markets Index

35

MSCI EM Earnings Estimates (Forward 12 Months)

36

MSCI Emerging Markets - Price/Earnings and Basic EPS

37

Equity Risk Premiums by Country

38

Global Heat Map – Sectors & Regions YTD

The Economy

40

Last week’s Economic Calendar

41

Next week’s Economic Calendar

42

Economic Surprise Monitor (Deviations from Expectations)

43

US Economic Surprise Index (Data’s Deviation from Expectations)

44

30 Year Mortgage Rates

45

US ISM Manufacturing Index

Currencies & Commodities

47

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

48

World Currencies vs. U.S. Dollar (Spot Forecast: Q1 2014)

49

US Dollar Index

50

Euro €

51

Japanese Yen ¥

52

Mexican Peso

53

Global Commodity Prices

54

Continuous Commodity Index – 5 Years

55

Gold Prices – 5 Years

56

Crude Oil Prices – 5 Years