Citi Personal Wealth Management

Weekly Market Update

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

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

The Table Has Been Set

October 12, 2021

Stocks posted modest gains across most regions as U.S. lawmakers appeared on track to temporarily avert hitting the nation’s debt ceiling. In the U.S., the S&P 500 climbed 0.8% while the NASDAQ eked out a 0.1% gain.

D.C. Drama

October 4, 2021

Stocks were weak across the board last week with almost all regions trading lower as worries about a normalization in developed market monetary policy, persistent inflation, and political drama weighed on markets.

That Was Short-Lived

September 27, 2021

Globally, stocks were little changed after a volatile week with the MSCI All Country World Index eking out a 0.1% gain. In the U.S., the S&P 500 rose 0.5% while the Dow Jones climbed 0.6%. Emerging markets underperformed as Chinese shares tumbled further.

Pressure Builds

September 20, 2021

Globally, stocks fell for a second straight week with the MSCI All Country World Index falling another 1.0%. In the U.S., the S&P 500 slipped 0.6% while the Dow Jones Industrial Average fell just 0.1%. Shares in Japan outperformed slightly – rising 0.3%.

Should Investors Be Nervous?

September 13, 2021

Globally, stocks finished the week lower with the MSCI All Country World Index falling 1.2%. In the U.S., the S&P 500 dropped 1.7% while the Dow Jones Industrial Average slipped 2.2%. Shares in Japan surged 3.5% as investors bought beaten-down stocks. The 10-year U.S. Treasury ...

Taper Time?

August 23, 2021

Globally, stocks finished the week lower with the MSCI All Country World Index dropping 1.8%. In the U.S., the S&P 500 slipped 0.6% while the Dow Jones Industrial Average dipped 1.1%. Emerging markets plunged 4.6% as Chinese shares sank 7.8%. The 10-year U.S. Treasury yield was ...

The Three I’s

August 16, 2021

Globally, stocks finished the week higher with the MSCI All Country World Index climbing 0.7%. In the U.S., the S&P 500 climbed 0.7% while the Dow Jones Industrial Average rose 0.9%.

The Waiting Game

August 9, 2021

Globally, stocks finished the week higher with the MSCI All Country World Index rising 1.0%. In the U.S., the S&P 500 climbed 0.9% while the Dow Jones Industrial Average rose 0.8%.

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.

This Communication is intended for clients of Citi Personal Wealth Management (“CPWM”), Citi Personal Investments International (“CPII”), Citi International Financial Services (“CIFS”), which are businesses of Citigroup Inc. (“Citigroup’). If you have any questions about your accounts, please do not reply to this e mail with any account specific inquiries. For account specific inquiries, please contact your Financial Professional. If you do not wish to receive any promotional emails from us, please reply with “UNSUBSCRIBE” in the subject line. You can also direct any account inquiries to: Citibank Service Center, Attn: E mail/Internet Services, 100 Citibank Drive, Building 3, 1st Floor San Antonio, TX 78245.

The Weekly Market Update report should not be considered a recommendation or research report. Nor should it be considered a solicitation, advice or a recommendation with respect to any investment strategy, asset allocation or particular investment. The Weekly Market Update is not intended to constitute “research,” as that term is defined by applicable regulations. The views expressed herein are those of the author and do not necessarily reflect the views of Citigroup Global Markets Inc. or its affiliates. All opinions are subject to change without notice. Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. The expressions of opinion are not intended to be a forecast of future events or a guarantee of future results.

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.

The market and planning commentary on this site may discuss topics that are timely to current events at the time they were written or filmed. The relevance of such topics may change at future dates.

Investments are subject to market fluctuation, investment risk, and possible loss of principal.

Diversification and asset allocation do not protect against loss or guarantee a profit. Past performance is no guarantee of future results.

Please consult your Financial Advisor before making any investment decisions.

Citigroup Inc. and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

The information set forth was obtained from sources believed to be reliable, but we do not guarantee its accuracy or completeness.

These strategies do not necessarily represent the experience of other clients, nor do they indicate future performance or success. Investment results may vary. The investment strategies presented are not appropriate for every investor. Individual clients should review with their advisor the terms and conditions and risk involved with specific products or services.

The products and services mentioned in this communication are not offered to individuals’ resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican and The Isle of Man. Your eligibility for a particular product and service is subject to a final determination by us. This communication is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

U.S. Wealth Management includes Citi Personal Wealth Management, Citi Priority, Citigold® and Citigold® Private Client.

Citi Personal Wealth Management is a business of Citigroup Inc., which offers investment products through Citigroup Global Markets Inc. (”CGMI”), member SIPC. Citigroup Life Agency LLC (“CLA”) offers insurance products. In California, CLA does business as Citigroup Life Insurance Agency, LLC (license number 0G56746). Citibank, CGMI, and CLA are affiliated companies under the common control of Citigroup Inc.

Privacy | Notice at Collection | CA Privacy Hub