Weekly Chart BookApril 21, 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

AAII Bullishness Index - % Bullish

9

StateStreet Investor Confidence Index

10

Global Financial Stress Index (Higher = More Stress)

11

Citi Macro Risk Index

12

SHIBOR (Shanghai Interbank Overnight Lending Rate)

13

S&P 500 & Advance-Decline Index

14

S&P 500 – This Week

15

10 Year UST Yields – This Week

16

Gold Price – This Week

Fixed Income & Credit

18

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

19

UST Curve vs. US Investment Grade Curve

20

U.S. Treasury 30 Year Yield

21

U.S. Treasury 10 Year Yield

22

Fed’s 5 Year Forward Breakeven (Inflation Expectations)

23

Investment Grade Bond Prices

24

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

25

High Yield Bond Prices

26

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

27

Emerging Market Debt (USD Denominated)

28

Emerging Market Bond Spreads

Global Equities

30

World Equity Indices

31

MSCI All Country World Index

32

S&P 500 Index

33

MSCI EAFE (Europe, Australia, Far East) Index

34

MSCI Emerging Markets Index

35

Equity Risk Premiums by Country

36

Sector Performance by Region (YTD)

The Economy

38

Last week’s Economic Calendar

39

Next week’s Economic Calendar

40

Economic Surprise Monitor (Deviations from Expectations)

41

6 Month Outlook for Increase Capital Expenditures

42

NFIB Small Business Actual Capital Expenditures

43

Fed’s Total Credit Market Borrowing and Lending

44

US Auto Sales Total (Annualized SA)

Currencies & Commodities

46

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

47

World Currencies vs. U.S. Dollar (Spot Forecast: Q2 2014)

48

Carry Trades vs. U.S. Dollar (6 Month Carry Returns)

49

US Dollar Index

50

Euro €

51

Japanese Yen ¥

52

Chinese Renminbi

53

Mexican Peso

54

Russian Ruble

55

Indian Rupee

56

Brazilian Real

57

Global Commodity Prices

58

Continuous Commodity Index – 5 Years

59

Gold Prices – 5 Years

60

Crude Oil Prices – 5 Years

Investment Themes & Value

62

Industry - Valuations

63

Technology

64

U.S. Financials Services

65

Energy Exploration & Production

66

WTI – Brent Crude Oil Spread

67

Goldcorp

68

Yamana

69

Gold to Gold Miners Ratio

70

High Yield Bonds