Market Data: Week Ending July 27, 2018

Market Index/Data	12/29/2017	7/27/2018	Week Change	Simple YTD
Dow Industrials Avg	24,719.22	25,451.06	392.94	2.96%
S&P 500 Index	2,673.61	2,818.82	16.99	5.43%
Fed Funds Rate	1.42%	1.91%	0.00%	34.51%
10 yr T-note Yld	2.40%	2.96%	0.07%	23.33%
5 yr T-note Yld	2.20%	2.84%	0.07%	29.09%
5 yr TIPS - 'Real' Yld	0.34%	0.84%	0.09%	147.06%
Implied 5 yr Inflation %	1.86%	2.00%	-0.02%	7.53%
2 yr T-note Yld	1.89%	2.67%	0.07%	41.27%
2-10 Yr Slope	0.51%	0.29%	0.00%	-43.14%
90 day T-bill Yld	1.39%	2.00%	0.01%	43.88%
Gold ($/oz)	$1,309.30	$1,230.00	-$1.10	-6.06%
WTI Oil ($/brl)	$60.42	$68.69	$0.43	13.69%
VIX "Worry Index"	11.04	13.03	0.17	18.03%
NYSE Bullish % Index	71.3	59.44	-1.46	-11.86
Credit Data	12/29/2017	7/27/2018	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.45%	2.47%	0.00%	0.82%
SPDR High Yld Credit ETF Yield (JNK)	6.09%	5.45%	-0.02%	-10.51%
Invest. Gr. to 10 yr T-Note Spread (x 10)	50	-490	-70	-540

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Market Data: Week Ending July 20, 2018

Market Index/Data	12/29/2017	7/20/2018	Week Change	Simple YTD
Dow Industrials Avg	24,719.22	25,058.12	38.71	1.37%
S&P 500 Index	2,673.61	2,801.83	0.52	4.80%
Fed Funds Rate	1.42%	1.91%	0.00%	34.51%
10 yr T-note Yld	2.40%	2.89%	0.06%	20.42%
5 yr T-note Yld	2.20%	2.77%	0.04%	25.91%
5 yr TIPS - 'Real' Yld	0.34%	0.75%	0.09%	120.59%
Implied 5 yr Inflation %	1.86%	2.02%	-0.05%	8.60%
2 yr T-note Yld	1.89%	2.60%	0.01%	37.57%
2-10 Yr Slope	0.51%	0.29%	0.05%	-43.14%
90 day T-bill Yld	1.39%	1.99%	0.01%	43.17%
Gold ($/oz)	$1,309.30	$1,231.10	-$10.10	-5.97%
WTI Oil ($/brl)	$60.42	$68.26	-$2.75	12.98%
VIX "Worry Index"	11.04	12.86	0.68	16.49%
NYSE Bullish % Index	71.3	60.9	1.03	-10.40
Credit Data	12/29/2017	7/20/2018	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.45%	2.47%	0.01%	0.82%
SPDR High Yld Credit ETF Yield (JNK)	6.09%	5.47%	0.00%	-10.18%
Invest. Gr. to 10 yr T-Note Spread (x 10)	50	-420	-50	-470

Market Data: Week Ending July 13, 2018

Market Index/Data	12/29/2017	7/13/2018	Week Change	Simple YTD
Dow Industrials Avg	24,719.22	25,019.41	562.93	1.21%
S&P 500 Index	2,673.61	2,801.31	41.49	4.78%
Fed Funds Rate	1.42%	1.91%	0.00%	34.51%
10 yr T-note Yld	2.40%	2.83%	0.01%	17.92%
5 yr T-note Yld	2.20%	2.73%	0.02%	24.09%
5 yr TIPS - 'Real' Yld	0.34%	0.66%	0.03%	94.12%
Implied 5 yr Inflation %	1.86%	2.07%	-0.01%	11.29%
2 yr T-note Yld	1.89%	2.59%	0.06%	37.04%
2-10 Yr Slope	0.51%	0.24%	-0.05%	-52.94%
90 day T-bill Yld	1.39%	1.98%	0.01%	42.45%
Gold ($/oz)	$1,309.30	$1,241.20	-$14.60	-5.20%
WTI Oil ($/brl)	$60.42	$71.01	-$2.79	17.53%
VIX "Worry Index"	11.04	12.18	-1.19	10.33%
NYSE Bullish % Index	71.3	59.87	0.91	-11.43
Credit Data	12/29/2017	7/13/2018	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.45%	2.46%	0.00%	0.41%
SPDR High Yld Credit ETF Yield (JNK)	6.09%	5.47%	-0.02%	-10.18%
Invest. Gr. to 10 yr T-Note Spread (x 10)	50	-370	-10	-420

Market Data: Week Ending July 6, 2018

Market Index/Data	12/29/2017	7/6/2018	Week Change	Simple YTD
Dow Industrials Avg	24,719.22	24,456.48	185.07	-1.06%
S&P 500 Index	2,673.61	2,759.82	41.45	3.22%
Fed Funds Rate	1.42%	1.91%	0.00%	34.51%
10 yr T-note Yld	2.40%	2.82%	-0.03%	17.50%
5 yr T-note Yld	2.20%	2.71%	-0.02%	23.18%
5 yr TIPS - 'Real' Yld	0.34%	0.63%	-0.04%	85.29%
Implied 5 yr Inflation %	1.86%	2.08%	0.02%	11.83%
2 yr T-note Yld	1.89%	2.53%	0.01%	33.86%
2-10 Yr Slope	0.51%	0.29%	-0.04%	-43.14%
90 day T-bill Yld	1.39%	1.97%	0.04%	41.73%
Gold ($/oz)	$1,309.30	$1,255.80	$1.30	-4.09%
WTI Oil ($/brl)	$60.42	$73.80	-$0.35	22.14%
VIX "Worry Index"	11.04	13.37	-2.72	21.11%
NYSE Bullish % Index	71.3	58.96	1.19	-12.34
Credit Data	12/29/2017	7/6/2018	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.45%	2.46%	0.00%	0.41%
SPDR High Yld Credit ETF Yield (JNK)	6.09%	5.49%	-0.02%	-9.85%
Invest. Gr. to 10 yr T-Note Spread (x 10)	50	-360	30	-410