Thanks to All Clients!
Due to the 2023 MWM client conference on Friday, this week’s HAI will just be prices. MWM deeply appreciates all our clients and offers special thanks to those who joined us in Durango. It’s an honor and a pleasure to serve you all!
Weekly performance: The S&P 500 was up 0.48%. Gold was down 1.12%. Silver lost 3.42%, platinum was off 3.76%, and palladium was down 7.40%. The HUI gold miners index was off 0.41%. The IFRA iShares US Infrastructure ETF dropped 1.69%. Energy commodities were volatile and mixed on the week. WTI crude oil was down 8.81%, while natural gas gained 13.96%. The CRB Commodity Index lost 2.68%, and copper dropped 2.86%. The Dow Jones US Specialty Real Estate Investment Trust Index was down 2.01%. The Vanguard Utilities ETF was down 2.83%. The dollar index was nearly flat, off 0.04% to close the week at 105.78. The yield on the 10-yr U.S. Treasury was up 19 bps to end the week at 4.78%.
Have a wonderful weekend!
Investment Strategist & Co-Portfolio Manager