Market Data: Week Ending July 18, 2014

Market Index	12/31/   2013	7/18/     2014	Week Change	Simple YTD
Dow Industrials Avg	16,576.66	17,100.18	0.91%	3.16%
S&P 500 Index	1,848.36	1,978.22	0.54%	7.03%
Fed Funds Rate	0.08%	0.07%	0.00%	-12.50%
10 yr T-note Yld	3.04%	2.50%	-0.03%	-17.76%
5 yr T-note Yld	1.75%	1.69%	0.04%	-3.43%
5 yr TIPS - 'Real' Yld	0.07%	-0.40%	0.05%	671.43%
Implied 5 yr Inflation %	1.68%	2.09%	-0.01%	24.40%
2 yr T-note Yld	0.38%	0.51%	0.03%	34.21%
2-10 Yr Slope	1.64%	1.99%	-0.06%	21.34%
90 day T-bill Yld	0.07%	0.02%	0.00%	-71.43%
Gold ($/oz)	$1,204.80	$1,311.40	-$28.60	8.85%
WTI Oil ($/brl)	$98.70	$101.67	$1.18	3.01%
VIX "Worry Index"	13.72	12.06	-0.02	-12.10%
Credit Spreads	12/31/   2013	7/18/     2014	Week Change	Simple YTD
Inv Grade Credit Idx	3.87%	3.47%	0.00%	-10.34%
High Yield Credit Idx	5.95%	5.70%	0.27%	-4.20%
Markit CDX No Am Inv Grade	62	60	2.00	-2.00
Markit CDX No Am HiVol	135	122	1.00	-13.00
High Yield to 10 yr T-Note Spread	291	320	30.00	29.00