Weekly Chart BookJanuary 20, 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

The VIX Index (S&P 500 Implied Volatility)

7

Global Financial Stress Index

8

Citi Macro Risk Index

Fixed Income & Credit

10

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

11

UST Curve vs. US Investment Grade Curve

12

U.S. Treasury 30 Year Yield

13

U.S. Treasury 10 Year Yield

14

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

15

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

16

Emerging Market Bond Spreads

Global Equities

18

MSCI All Country World Index

19

S&P 500 Index

20

MSCI EAFE (Europe, Australia, Far East) Index

21

MSCI Emerging Markets Index

22

Japan

23

China

24

United States

25

Germany

26

Norway

27

Russia

Currencies & Commodities

29

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

30

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

31

US Dollar Index

32

Euro €

33

Japanese Yen ¥

34

Mexican Peso

35

Global Commodity Prices

36

Gold Prices

Investment Themes & Value

38

Technology

39

US Financial Services

40

Large Cap Growth

41

Goldcorp

42

Eldorado Gold Corp

43

Energy Exploration & Production

44

High Yield Bonds

45

Floating Rate Senior Bank Loans

46

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

Radar

48

China Consumer ETF

49

Tesoro – West Coast Oil Refiner