Market Data: Week Ending October 25, 2019

Market Index/Data	12/31/2018	10/25/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	26,958.06	187.86	15.56%
S&P 500 Index	2,506.85	3,022.55	36.35	20.57%
Fed Funds Rate	2.40%	1.85%	0.00%	-22.92%
10 yr T-note Yld	2.69%	1.80%	0.04%	-33.09%
5 yr T-note Yld	2.51%	1.62%	0.06%	-35.46%
5 yr TIPS - 'Real' Yld	1.00%	0.07%	0.03%	-93.00%
Implied 5 yr Inflation %	1.51%	1.55%	0.03%	2.65%
2 yr T-note Yld	2.48%	1.63%	0.05%	-34.27%
2-10 Yr Slope	0.21%	0.17%	-0.01%	-19.05%
90 day T-bill Yld	2.45%	1.66%	0.00%	-32.24%
Gold ($/oz)	$1,281.30	$1,505.30	$11.20	17.48%
WTI Oil ($/brl)	$45.41	$56.66	$2.79	24.77%
VIX "Worry Index"	25.42	12.65	-1.60	-50.24%
NYSE Bullish % Index	20.84	53.47	3.10	32.63
Credit Data	12/31/2018	10/25/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.72%	0.00%	-1.09%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.54%	-0.02%	-13.30%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	920	-40	860

Market Data: Week Ending October 18, 2019

Market Index/Data	12/31/2018	10/18/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	26,770.20	-46.39	14.76%
S&P 500 Index	2,506.85	2,986.20	15.93	19.12%
Fed Funds Rate	2.40%	1.85%	0.03%	-22.92%
10 yr T-note Yld	2.69%	1.76%	0.00%	-34.57%
5 yr T-note Yld	2.51%	1.56%	-0.03%	-37.85%
5 yr TIPS - 'Real' Yld	1.00%	0.04%	-0.21%	-96.00%
Implied 5 yr Inflation %	1.51%	1.52%	0.18%	0.66%
2 yr T-note Yld	2.48%	1.58%	-0.05%	-36.29%
2-10 Yr Slope	0.21%	0.18%	0.05%	-14.29%
90 day T-bill Yld	2.45%	1.66%	-0.02%	-32.24%
Gold ($/oz)	$1,281.30	$1,494.10	$5.40	16.61%
WTI Oil ($/brl)	$45.41	$53.87	-$0.83	18.63%
VIX "Worry Index"	25.42	14.25	-1.33	-43.94%
NYSE Bullish % Index	20.84	50.37	1.32	29.53
Credit Data	12/31/2018	10/18/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.72%	0.00%	-1.09%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.56%	-0.02%	-12.99%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	960	0	900

Market Data: Week Ending October 11, 2019

Market Index/Data	12/31/2018	10/11/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	26,816.59	242.87	14.96%
S&P 500 Index	2,506.85	2,970.27	18.26	18.49%
Fed Funds Rate	2.40%	1.82%	-0.01%	-24.17%
10 yr T-note Yld	2.69%	1.76%	0.24%	-34.57%
5 yr T-note Yld	2.51%	1.59%	0.25%	-36.65%
5 yr TIPS - 'Real' Yld	1.00%	0.25%	0.18%	-75.00%
Implied 5 yr Inflation %	1.51%	1.34%	0.07%	-11.26%
2 yr T-note Yld	2.48%	1.63%	0.23%	-34.27%
2-10 Yr Slope	0.21%	0.13%	0.01%	-38.10%
90 day T-bill Yld	2.45%	1.68%	-0.03%	-31.43%
Gold ($/oz)	$1,281.30	$1,488.70	-$24.20	16.19%
WTI Oil ($/brl)	$45.41	$54.70	$1.89	20.46%
VIX "Worry Index"	25.42	15.58	-1.46	-38.71%
NYSE Bullish % Index	20.84	49.05	0.80	28.21
Credit Data	12/31/2018	10/11/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.72%	0.03%	-1.09%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.58%	-0.02%	-12.68%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	960	-210	900

Market Data: Week Ending October 4, 2019

Market Index/Data	12/31/2018	10/4/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	26,573.72	-246.53	13.92%
S&P 500 Index	2,506.85	2,952.01	-9.78	17.76%
Fed Funds Rate	2.40%	1.83%	-0.02%	-23.75%
10 yr T-note Yld	2.69%	1.52%	-0.17%	-43.49%
5 yr T-note Yld	2.51%	1.34%	-0.22%	-46.61%
5 yr TIPS - 'Real' Yld	1.00%	0.07%	-0.13%	-93.00%
Implied 5 yr Inflation %	1.51%	1.27%	-0.09%	-15.89%
2 yr T-note Yld	2.48%	1.40%	-0.23%	-43.55%
2-10 Yr Slope	0.21%	0.12%	0.06%	-42.86%
90 day T-bill Yld	2.45%	1.71%	-0.19%	-30.20%
Gold ($/oz)	$1,281.30	$1,512.90	$6.50	18.08%
WTI Oil ($/brl)	$45.41	$52.81	-$3.10	16.30%
VIX "Worry Index"	25.42	17.04	-0.18	-32.97%
NYSE Bullish % Index	20.84	48.25	-6.21	27.41
Credit Data	12/31/2018	10/4/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.69%	-0.02%	-2.18%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.60%	0.01%	-12.36%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	1170	150	1110