Take a look at this week’s Charts to Watch from Accuvest Global Advisors with updates on the following: Global Financial Conditions Global Equity Markets Interest Rates and Fixed Income The Economy Major Currencies Commodities Investor Sentiment Accuvest Global Advisors is a California based RIA and sub-advisor of the AdvisorShares Accuvest Global Opportunities ETF (ACCU) and the AdvisorShares Accuvest Global Long Short ETF (AGLS).

1. Charts to Watch
Global Market Update
August 25, 2014
Global Clients…Global Portfolios
disclosure: The opinions expressed in this Weekly Chart Book report are those of the author. The materials and commentary are strictly informational and should be used for
research use only. This bulletin is not intended to provide investing or other advice or guidance with respect to the matters addressed in the bulletin. All relevant facts,
including individual circumstances, need to be considered by the reader to arrive at investment conclusions that comply with matters addressed in this bulletin. Charts and
information used in this report are sourced from Bloomberg.

2. 4
Accuvest Economic (PMI) Heat Map
Country / Region Category / Sector Jul‐2014 3 Month Chg 6 Month Chg Country / Region Category / Sector Jul‐2014 3 Month Chg 6 Month Chg
Austria Manufacturing 50.9 ‐0.5 ‐3.2 Japan Composite 50.2 3.9 ‐3.9
Brazil Composite 49.3 ‐0.6 ‐0.6 Japan Manufacturing 50.5 1.1 ‐6.1
Brazil Manufacturing 49.1 ‐0.2 ‐1.7 Japan Services 50.4 4.0 ‐0.8
Brazil Services 50.2 ‐0.2 0.6 Mexico Manufacturing 51.5 ‐0.3 ‐2.5
Canada Manufacturing 54.3 1.4 2.6 Netherlands Manufacturing 53.5 0.1 ‐1.3
China Composite 51.6 2.1 0.8 Poland Manufacturing 49.4 ‐2.6 ‐6.0
China Manufacturing 51.7 3.6 2.2 Russia Composite 51.3 3.7 1.7
China Services 50.0 ‐1.4 ‐0.7 Russia Manufacturing 51.0 2.5 3.0
France Composite 49.4 ‐1.2 0.5 South Africa Whole Economy 46.4 ‐3.0 ‐3.9
France Manufacturing 47.8 ‐3.4 ‐1.5 South Korea Manufacturing 49.3 ‐0.9 ‐1.6
France Retail 45.6 ‐4.7 ‐4.1 Spain Composite 55.7 ‐0.6 0.9
France Services 50.4 0.0 1.5 Spain Manufacturing 53.9 1.2 1.7
France Construction 39.5 1.9 ‐6.8 Spain Services 56.2 ‐0.3 1.3
Germany Composite 55.7 ‐0.4 0.2 Taiwan Manufacturing 55.8 3.5 0.3
Germany Manufacturing 52.4 ‐1.7 ‐4.1 Turkey Manufacturing 48.5 ‐2.6 ‐4.2
Germany Retail 52.1 ‐1.0 ‐2.5 United Kingdom Composite 58.8 ‐0.3 0.3
Germany Services 56.7 2.0 3.6 United Kingdom Manufacturing 55.8 0.4 2.1
Germany Construction 48.2 ‐1.5 ‐4.3 United Kingdom Services 59.1 0.4 0.8
India Composite 53.0 3.5 3.4 United Kingdom Construction 62.4 1.6 ‐2.2
India Manufacturing 53.0 1.7 1.6 United States Manufacturing 55.8 0.4 2.1
India Services 52.2 3.7 3.9 United States Services 60.8 5.8 4.1
Indonesia Manufacturing 52.7 1.6 1.7 United States Composite 60.6 5.0 4.4
Italy Composite 53.1 0.5 1.8 World Composite 55.5 2.7 1.5
Italy Manufacturing 51.9 ‐2.1 ‐1.2 World Manufacturing 52.5 0.6 ‐0.5
Italy Retail 43.4 ‐6.1 ‐1.8 World Services 56.0 3.3 2.2
Italy Services 52.8 1.7 3.4
Italy Construction 41.5 ‐2.0 0.5

3. Financial Conditions

4. 6
Developed Markets – Year to Date

5. 7
Emerging Markets – Year to Date

6. 8
The VIX Index (S&P 500 Implied Volatility)

7. 9
Global Financial Stress Index (Higher Level = Higher Stress)

8. 10
S&P 500 – This Week

9. 11
10 Year UST Yields – This Week

10. 12
Gold Price – This Week

11. 13
S&P 500 Sectors – This Week

12. 14
Global Regions – This Week

13. Fixed Income & Credit

14. 16
US Yield Curve (Current vs. 1 Month & 12 Months Ago)

15. 17
UST Curve vs. US Investment Grade Curve

16. 18
U.S. Treasury 2 Year Yield

17. 19
U.S. Treasury 10 Year Yield

18. 20
U.S. Treasury 30 Year Yield

19. 21
Fed’s 5 Year Forward Breakeven (Inflation Expectations)

20. 22
Investment Grade Bond Prices

21. 23
Investment Grade Credit Spread (BBB – 10 Yr. UST Yield)

22. 24
High Yield Bond Prices

23. 25
High Yield Credit Spreads (HY – 10 Yr. UST Yield)

24. 26
Emerging Market Debt (USD Denominated)

25. 27
Emerging Market Bond Spreads

26. 28
Relative Bond Spreads

27. Global Equities

28. 30
S&P 500 Earnings – Q2 2014

29. 31
MSCI All Country World Index

30. 32
S&P 500 Index

31. 33
MSCI EAFE (Europe, Australia, Far East) Index

32. 34
MSCI Emerging Markets Index

33. 35
SPX vs. EAFE vs. EM (YTD)

34. 36
Trend Analysis by Sector (S&P500)

35. 37
Sector Performance by Region (YTD)

36. The Economy

37. 39
Last week’s Economic Calendar

38. 40
Next week’s Economic Calendar

39. 41
U.S. Leading Economic Index (YoY % Change)

40. 42
U.S. Economic Watch – Leading Economic Indicators

41. 43
U.S. Economic Watch – Leading Economic Indicators

42. 44
U.S. Economic Watch – Housing Market

43. 45
U.S. Economic Watch – Housing Market

44. 46
NFIB Small Business Actual Capital Expenditures

45. 47
Business 6 Month Outlook for CAPEX

46. Currencies & Commodities

47. 49
World Currencies vs. U.S. Dollar (6 Month Spot Returns)

48. 50
World Currencies vs. U.S. Dollar (Spot Forecast: Q4 2014)

49. 51
US Dollar $

50. 52
Euro €

51. 53
Japanese Yen ¥

52. 54
British Pound £

53. 55
Global Commodity Prices

54. 56
Continuous Commodity Index – 5 Years

55. 57
Gold Prices – 5 Years

56. 58
Crude Oil Prices – 5 Years