The country models were down on the week on average about -1.6%. The benchmark was up +0.91%. Year-to-date, both county models are within a few percent of the benchmark. After several weeks of relatively quiet market action, the SPY finally broke out of that range to the downside this last Friday, largely on the comments of Fed chairperson Janet Yellen and vice chairman Stanley Fischer. Indicating that the economic case for increasing rates was strengthening
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