Market Data: Week Ending July 26, 2019

Market Index/Data	12/31/2018	7/26/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	27,192.45	38.25	16.57%
S&P 500 Index	2,506.85	3,025.86	49.25	20.70%
Fed Funds Rate	2.40%	2.40%	-0.01%	0.00%
10 yr T-note Yld	2.69%	2.08%	0.03%	-22.68%
5 yr T-note Yld	2.51%	1.85%	0.05%	-26.29%
5 yr TIPS - 'Real' Yld	1.00%	0.28%	0.08%	-72.00%
Implied 5 yr Inflation %	1.51%	1.57%	-0.03%	3.97%
2 yr T-note Yld	2.48%	1.86%	0.06%	-25.00%
2-10 Yr Slope	0.21%	0.22%	-0.03%	4.76%
90 day T-bill Yld	2.45%	2.12%	0.06%	-13.47%
Gold ($/oz)	$1,281.30	$1,419.30	-$7.40	10.77%
WTI Oil ($/brl)	$45.41	$56.20	$0.44	23.76%
VIX "Worry Index"	25.42	12.16	-2.29	-52.16%
NYSE Bullish % Index	20.84	57.03	0.97	36.19
Credit Data	12/31/2018	7/26/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.70%	0.00%	-1.82%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.59%	-0.04%	-12.52%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	620	-30	560

Market Data: Week Ending July 19, 2019

Market Index/Data	12/31/2018	7/19/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	27,154.20	-177.83	16.40%
S&P 500 Index	2,506.85	2,976.61	-37.16	18.74%
Fed Funds Rate	2.40%	2.41%	0.03%	0.42%
10 yr T-note Yld	2.69%	2.05%	-0.07%	-23.79%
5 yr T-note Yld	2.51%	1.80%	-0.06%	-28.29%
5 yr TIPS - 'Real' Yld	1.00%	0.20%	-0.04%	-80.00%
Implied 5 yr Inflation %	1.51%	1.60%	-0.02%	5.96%
2 yr T-note Yld	2.48%	1.80%	-0.04%	-27.42%
2-10 Yr Slope	0.21%	0.25%	-0.03%	19.05%
90 day T-bill Yld	2.45%	2.06%	-0.08%	-15.92%
Gold ($/oz)	$1,281.30	$1,426.70	$14.50	11.35%
WTI Oil ($/brl)	$45.41	$55.76	-$4.45	22.79%
VIX "Worry Index"	25.42	14.45	2.06	-43.15%
NYSE Bullish % Index	20.84	56.06	-0.95	35.22
Credit Data	12/31/2018	7/19/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.70%	-0.01%	-1.82%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.63%	0.02%	-11.89%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	650	60	590

Market Data: Week Ending July 12, 2019

Market Index/Data	12/31/2018	7/12/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	27,332.03	409.91	17.17%
S&P 500 Index	2,506.85	3,013.77	23.36	20.22%
Fed Funds Rate	2.40%	2.38%	-0.03%	-0.83%
10 yr T-note Yld	2.69%	2.12%	0.08%	-21.19%
5 yr T-note Yld	2.51%	1.86%	0.02%	-25.90%
5 yr TIPS - 'Real' Yld	1.00%	0.24%	-0.05%	-76.00%
Implied 5 yr Inflation %	1.51%	1.62%	0.07%	7.28%
2 yr T-note Yld	2.48%	1.84%	-0.03%	-25.81%
2-10 Yr Slope	0.21%	0.28%	0.11%	33.33%
90 day T-bill Yld	2.45%	2.14%	-0.09%	-12.65%
Gold ($/oz)	$1,281.30	$1,412.20	$12.10	10.22%
WTI Oil ($/brl)	$45.41	$60.21	$2.70	32.59%
VIX "Worry Index"	25.42	12.39	-0.89	-51.26%
NYSE Bullish % Index	20.84	57.01	0.03	36.17
Credit Data	12/31/2018	7/12/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.71%	0.01%	-1.45%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.61%	0.01%	-12.21%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	590	-70	530

Market Data: Week Ending July 5, 2019

Market Index/Data	12/31/2018	7/5/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	26,922.12	322.16	15.41%
S&P 500 Index	2,506.85	2,990.41	48.65	19.29%
Fed Funds Rate	2.40%	2.41%	0.03%	0.42%
10 yr T-note Yld	2.69%	2.04%	0.04%	-24.16%
5 yr T-note Yld	2.51%	1.84%	0.08%	-26.69%
5 yr TIPS - 'Real' Yld	1.00%	0.29%	0.06%	-71.00%
Implied 5 yr Inflation %	1.51%	1.55%	0.02%	2.65%
2 yr T-note Yld	2.48%	1.87%	0.12%	-24.60%
2-10 Yr Slope	0.21%	0.17%	-0.08%	-19.05%
90 day T-bill Yld	2.45%	2.23%	0.11%	-8.98%
Gold ($/oz)	$1,281.30	$1,400.10	-$13.60	9.27%
WTI Oil ($/brl)	$45.41	$57.51	-$0.96	26.65%
VIX "Worry Index"	25.42	13.28	-1.80	-47.76%
NYSE Bullish % Index	20.84	56.98	2.43	36.14
Credit Data	12/31/2018	7/5/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.70%	0.01%	-1.82%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.60%	0.02%	-12.36%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	660	-30	600