Market Digest – Week Ending 11/29
(Through Wednesday) As usual, it has been a quiet Thanksgiving week in the capital markets. Stocks and bond prices were little changed. Markets were encouraged by a nuclear accord reached with Iran over the weekend, but the agreement is so far poorly understood and represents just a small step in a long and complicated process.
S&P 500: 1,807 (+0.1%)
FTSE All-World ex-US: (-0.2%)
US 10 Year Treasury Yield: 2.74% (-0.01%)
Gold: $1,237 (-0.5%)
USD/EUR: $1.358 (+0.2%)
- Monday – Over the weekend, an accord was reached with Iran which will ease some sanctions in exchange for limiting nuclear activities.
- Tuesday – Building permits climbed in October to the highest level in more than five years.
- Tuesday – The U.S. flew two unarmed B-52 bombers into a disputed air-defense zone recently claimed by China, escalating tensions in the region.
- Wednesday – The Obama administration delayed online health-insurance signup for small businesses by one year.
- Wednesday – Italy’s Senate voted to strip Silvio Berlusconi of his senate seat.
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It is exciting to have an opportunity to change the financial industry for the better, and simultaneously rewarding to see a large, rapidly growing number of people benefitting from our services.