Weekly Chart BookJanuary 27, 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.

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

Margin Debt

Fixed Income & Credit

12

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

13

UST Curve vs. US Investment Grade Curve

14

U.S. Treasury 30 Year Yield

15

U.S. Treasury 10 Year Yield

16

U.S. Treasury 10 Year Yield – Forecast

17

Fed’s 5 Year Forward Breakeven (Inflation Expectations)

18

Investment Grade Bond Prices

19

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

20

High Yield Bond Prices

21

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

22

Emerging Market Debt (USD Denominated)

23

Emerging Market Bond Spreads

Global Equities

25

World Equity Indices

26

MSCI All Country World Index

27

ACWI Earnings Estimates (Forward 12 Months)

28

S&P 500 Index

29

S&P 500 Earnings Estimates (Forward 12 Months)

30

MSCI EAFE (Europe, Australia, Far East) Index

31

MSCI EAFE Earnings Estimates (Forward 12 Months)

32

MSCI Emerging Markets Index

33

MSCI EM Earnings Estimates (Forward 12 Months)

34

Equity Risk Premiums by Country

The Economy

36

Last week’s Economic Calendar

37

Next week’s Economic Calendar

38

Economic Surprise Monitor (Deviations from Expectations)

Currencies & Commodities

40

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

41

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

42

Currency Implied Volatility

43

Currency Implied Volatility – Time Series

44

US Dollar Index

45

Euro €

46

Japanese Yen ¥

47

Mexican Peso

48

Turkish Lira

49

Russian Ruble

50

Indian Rupee

51

Argentine Peso

52

Global Commodity Prices

53

Continuous Commodity Index – 5 Years

54

Gold Prices – 5 Years

55

Crude Oil Prices – 5 Years

56

Copper Prices – 5 Years