Aga weekly-chartbook-12-22-2013

Weekly Chart BookDecember 22, 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.

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

10

ETF Fund Flows by Asset Class (MTD)

11

ETF Fund Flows by Sectors (MTD)

12

ETF Fund Flows by Country (MTD)

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 30 Year Yield

17

U.S. Treasury 10 Year Yield

18

U.S. Treasury 10 Year Yield – Forecast

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 (Local Currency)

25

Emerging Market Bond Spreads

Global Equities

27

World Equity Indices

28

Nikkei 225 – 20 Years

29

MSCI All Country World Index

30

ACWI Earnings Estimates (Forward 12 Months)

31

S&P 500 Index

32

S&P 500 Earnings Estimates (Forward 12 Months)

33

MSCI EAFE (Europe, Australia, Far East) Index

34

MSCI EAFE Earnings Estimates (Forward 12 Months)

35

MSCI Emerging Markets Index

36

MSCI EM Earnings Estimates (Forward 12 Months)

37

Equity Risk Premiums by Country

The Economy

39

Last week’s Economic Calendar

40

Next week’s Economic Calendar

41

Economic Surprise Monitor (Deviations from Expectations)

Currencies & Commodities

43

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

44

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

45

US Dollar Index

46

Euro €

47

Japanese Yen ¥

48

Mexican Peso

49

Global Commodity Prices

50

Continuous Commodity Index – 5 Years

51

Gold Prices – 5 Years

52

Crude Oil Prices – 5 Years

Global Opportunities

54

Japan

55

China

56

Germany

57

Russia

58

South Korea

59

Norway