Citi Personal Wealth Management

Weekly Market Update

Read about last week’s market
highlights, closing performance,
market indicators and the
week ahead.

The prospect for tighter central bank monetary policy and mounting Omicron cases caused global equities (as measured by the MSCI AC World index) to shed some of the prior week’s gains – falling by 1.6%.

Taper Time…Again

December 13, 2021

Global equities (as measured by the MSCI AC World index) jumped 3.0% as omicron volatility subsided. Initial reports that the variant may be milder than the delta variant also likely added to gains.

Oh C’mon Omicron

December 6, 2021

Global equities (as measured by the MSCI AC World index) took a dip last week with shares off by 1.3%. In the U.S., the NASDAQ dropped 2.6% while the Dow Jones slipped 0.9%.

Infrastructure Month

November 22, 2021

Global equities (as measured by the MSCI AC World index) were mixed last week as a rising number of Covid cases in Europe spooked investors.

Inflation Nation?

November 15, 2021

Global equities (as measured by the MSCI AC World index) were largely unchanged last week, but most regions finished the week slightly lower.

Higher for Longer

November 8, 2021

Global equities (as measured by the MSCI AC World index) gained 1.6% last week – hitting an all-time high. In the U.S., the S&P 500 jumped 2.0% while the NASDAQ surged by 3.1% as interest rates fell.

Let’s Make a Deal

November 1, 2021

Global equities (as measured by the MSCI AC World index) gained 0.4% last week – just 3 points shy of their all-time high. In the U.S., the S&P 500 rose 1.3% while the NASDAQ jumped by 2.7%.

An Abnormal Return to Normal

October 25, 2021

Global equities (as measured by the MSCI AC World index) gained 1.3% last week – just 0.8% shy of their all-time high. In the U.S., the S&P 500 rose 1.6% while the NASDAQ climbed by 1.3%.

Inflation is Here. Will it Stay for Dinner?

October 18, 2021

Stocks posted solid gains across most regions last week as strong bank earnings and a more stable 10-year U.S. Treasury yield bolstered risk sentiment

Showing 9 of 18 articles

Important Information

An investor cannot invest directly in an index. They are shown for illustrative purposes only and do not represent the performance of any specific investment. Index returns do not include any expenses, fees or sales charges, which would lower performance.

The MSCI ACWI (All Country World Index) captures large and mid cap representation across 23 Developed Markets (DM) and 23 Emerging Markets (EM) countries. With 2,483 constituents, the index covers approximately 85% of the global investable equity opportunity set.

S&P 500 Index is an unmanaged, market value-weighted index of 500 stocks generally representative of the broad stock market. An investment cannot be made directly in a market index.

Dow Jones Industrial Average is a price-weighted index of the 30 “blue-chip” stocks and serves as a measure of the U.S. market, covering such diverse industries as financial services, technology, retail, entertainment and consumer goods. An investment cannot be made directly in a market index.

The Nasdaq composite index is a market-capitalization weighted index of more than 3,000 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks.

The MSCI Europe Index captures large and mid-cap representation across 15 Developed Markets (DM) countries in Europe. With 444constituents, the index covers approximately 85% of the free float-adjusted market capitalization across the European Developed Markets equity universe.

The MSCI Japan Index is designed to measure the performance of the large and mid-cap segments of the Japanese market. With 320 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in Japan.

The MSCI Emerging Markets Index reflects performance of large and mid-cap stocks in roughly 20 emerging markets.

The Citi World Broad Investment Grade Bond index is weighted by market capitalization and includes fixed rate Treasury, government sponsored, mortgage, asset backed, and investment grade (BBB–/Baa3) issues with a maturity of one year or longer and a minimum amount outstanding of $1 billion for Treasuries, $5 billion for mortgages, and $200 million for credit, asset-backed and government-sponsored issues.

The Citi U.S. Broad Investment-Grade Bond Index (USBIG) tracks the performance of US Dollar-denominated bonds issued in the US investment-grade bond market. Introduced in 1985, the index includes US Treasury, government sponsored, collateralized, and corporate debt providing a reliable representation of the US investment-grade bond market. Sub-indices are available in any combination of asset class, maturity, and rating.

The Euro Broad Investment-Grade Bond Index (EuroBIG) is a multi-asset benchmark for investment-grade, Euro-denominated fixed income bonds. Introduced in 1999, the EuroBIG includes government, government-sponsored, collateralized, and corporate debt. Sub-indices are available in any combination of asset class, maturity, and rating.

The Citi Emerging Market Sovereign Bond Index (ESBI) includes Brady bonds and US dollar-denominated emerging market sovereign debt issued in the global, Yankee and Eurodollar markets, excluding loans. It is composed of debt in Africa, Asia, Europe and Latin America. We classify an emerging market as a sovereign with a maximum foreign debt rating of BBB+/Baa1 by S&P or Moody's. Defaulted issues are excluded.

The US High-Yield Market Index is a US Dollar-denominated index which measures the performance of high-yield debt issued by corporations domiciled in the US or Canada. Recognized as a broad measure of the North American high-yield market, the index includes cash-pay, deferred-interest securities, and debt issued under Rule 144A in unregistered form. Sub-indices are available in any combination of industry sector, maturity, and rating.

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There may be additional risk associated with international investing, including foreign, economic, political, monetary and/or legal factors, changing currency exchange rates, foreign taxes, and differences in financial and accounting standards. These risks may be magnified in emerging markets. International investing may not be for everyone.

Bonds are affected by a number of risks, including fluctuations in interest rates, credit risk and prepayment risk. In general, as prevailing interest rates rise, fixed income securities prices will fall. Bonds face credit risk if a decline in an issuer’s credit rating, or creditworthiness, causes a bond’s price to decline. High yield bonds are subject to additional risks such as increased risk of default and greater volatility because of the lower credit quality of the issues. Finally, callable bonds can be subject to prepayment risk. When interest rates fall, an issuer may choose to borrow money at a lower interest rate, while paying off its previously issued bonds. As a consequence, those investors who held the called bond will be forced to reinvest in a market where prevailing interest rates are lower than when the initial investment was made.

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