The markets climbed at the beginning of last week as money moved from bonds (yield on 10-year Treasuries gained 5 basis points) to equities. The Dow jumped 370 points and Nasdaq gained over 2.0% by the close of trading last Monday. Following the election, equities surged as did long-term bond yields. The Dow gained over 256 points, Nasdaq and the S&P 500 each jumped over 1.0%, and the Russell 2000 climbed over 3.0%. Money continued to move from long-term government bonds as the yield on 10-year Treasuries reached 2.0% for the first time in nine months. The trading frenzy calmed by the end of last week, but not before the Dow reached a record high, gaining almost 1000 points over the week to close at 18847.66. The Russell 2000 was last week’s strongest performer, climbing more than 10.0% on the heels of its best weekly performance since December 2011.