Weekly Chart BookJanuary 6, 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.

3

Asset Class Price Performance

Financial Conditions

5

Developed Markets

6

Emerging Markets

7

US Financial Conditions vs. 52 weeks & 2000-2007 Period

8

The VIX Index (S&P 500 Implied Volatility)

9

Global Financial Stress Index

10

Citi Macro Risk Index

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

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

MSCI All Country World Index

25

MSCI All Country World Index – Earnings Estimates

26

S&P 500 Index

27

S&P 500 Index – Earnings Estimates

28

MSCI EAFE (Europe, Australia, Far East) Index

29

MSCI EAFE Index – Earnings Estimates

30

MSCI Emerging Markets Index

31

MSCI Emerging Markets Index – Earnings Estimates

32

Equity Risk Premiums by Country

Currencies & Commodities

34

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

35

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

36

US Dollar Index

37

Euro €

38

Japanese Yen ¥

39

Mexican Peso

40

Global Commodity Prices

41

Continuous Commodity Index – 5 Years

42

Gold Prices – 5 Years

43

Crude Oil Prices – 5 Years

Investment Themes & Value

45

China Consumer ETF

46

Goldcorp

47

Eldorado Gold Corp

48

Energy Exploration & Production

49

Tesoro – West Coast Oil Refiner

50

High Yield Bonds

51

Floating Rate Senior Bank Loans

52

Technology

53

Currency Carry – Long AUD, NOK, NZD & Short EUR, JPY, CHF