Market Data: Week Ending December 27, 2019

Market Index/Data	12/31/2018	12/27/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	28,645.28	190.19	22.80%
S&P 500 Index	2,506.85	3,240.02	18.80	29.25%
Fed Funds Rate	2.40%	1.55%	0.00%	-35.42%
10 yr T-note Yld	2.69%	1.88%	-0.04%	-30.11%
5 yr T-note Yld	2.51%	1.68%	-0.05%	-33.07%
5 yr TIPS - 'Real' Yld	1.00%	0.04%	-0.02%	-96.00%
Implied 5 yr Inflation %	1.51%	1.64%	-0.03%	8.61%
2 yr T-note Yld	2.48%	1.59%	-0.04%	-35.89%
2-10 Yr Slope	0.21%	0.29%	0.00%	38.10%
90 day T-bill Yld	2.45%	1.57%	-0.01%	-35.92%
Gold ($/oz)	$1,281.30	$1,518.10	$37.20	18.48%
WTI Oil ($/brl)	$45.41	$61.72	$1.28	35.92%
VIX "Worry Index"	25.42	13.43	0.92	-47.17%
NYSE Bullish % Index	20.84	67.36	1.69	46.52
Credit Data	12/31/2018	12/27/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.88%	-0.01%	4.73%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.91%	0.42%	-7.51%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	1000	30	940

Market Data: Week Ending December 20, 2019

Market Index/Data	12/31/2018	12/20/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	28,455.09	319.71	21.98%
S&P 500 Index	2,506.85	3,221.22	52.42	28.50%
Fed Funds Rate	2.40%	1.55%	0.00%	-35.42%
10 yr T-note Yld	2.69%	1.92%	0.10%	-28.62%
5 yr T-note Yld	2.51%	1.73%	0.07%	-31.08%
5 yr TIPS - 'Real' Yld	1.00%	0.06%	0.02%	-94.00%
Implied 5 yr Inflation %	1.51%	1.67%	0.05%	10.60%
2 yr T-note Yld	2.48%	1.63%	0.02%	-34.27%
2-10 Yr Slope	0.21%	0.29%	0.08%	38.10%
90 day T-bill Yld	2.45%	1.58%	0.01%	-35.51%
Gold ($/oz)	$1,281.30	$1,480.90	-$0.30	15.58%
WTI Oil ($/brl)	$45.41	$60.44	$0.37	33.10%
VIX "Worry Index"	25.42	12.51	-0.12	-50.79%
NYSE Bullish % Index	20.84	65.67	2.50	44.83
Credit Data	12/31/2018	12/20/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.89%	0.18%	5.09%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.49%	-0.01%	-14.08%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	970	80	910

Market Data: Week Ending December 13, 2019

Market Index/Data	12/31/2018	12/13/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	28,135.38	120.32	20.61%
S&P 500 Index	2,506.85	3,168.80	22.89	26.41%
Fed Funds Rate	2.40%	1.55%	0.00%	-35.42%
10 yr T-note Yld	2.69%	1.82%	-0.02%	-32.34%
5 yr T-note Yld	2.51%	1.66%	-0.01%	-33.86%
5 yr TIPS - 'Real' Yld	1.00%	0.04%	-0.04%	-96.00%
Implied 5 yr Inflation %	1.51%	1.62%	0.03%	7.28%
2 yr T-note Yld	2.48%	1.61%	0.00%	-35.08%
2-10 Yr Slope	0.21%	0.21%	-0.02%	0.00%
90 day T-bill Yld	2.45%	1.57%	0.04%	-35.92%
Gold ($/oz)	$1,281.30	$1,481.20	$16.10	15.60%
WTI Oil ($/brl)	$45.41	$60.07	$0.87	32.28%
VIX "Worry Index"	25.42	12.63	-0.99	-50.31%
NYSE Bullish % Index	20.84	63.17	1.70	42.33
Credit Data	12/31/2018	12/13/2019	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%	5.50%	-0.05%	-13.93%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	890	10	830

Market Data: Week Ending December 6, 2019

Market Index/Data	12/31/2018	12/6/2019	Week Change	Simple YTD
Dow Industrials Avg	23,327.35	28,015.06	-36.35	20.10%
S&P 500 Index	2,506.85	3,145.91	4.93	25.49%
Fed Funds Rate	2.40%	1.55%	0.00%	-35.42%
10 yr T-note Yld	2.69%	1.84%	0.06%	-31.60%
5 yr T-note Yld	2.51%	1.67%	0.05%	-33.47%
5 yr TIPS - 'Real' Yld	1.00%	0.08%	-0.04%	-92.00%
Implied 5 yr Inflation %	1.51%	1.59%	0.09%	5.30%
2 yr T-note Yld	2.48%	1.61%	0.00%	-35.08%
2-10 Yr Slope	0.21%	0.23%	0.06%	9.52%
90 day T-bill Yld	2.45%	1.53%	-0.06%	-37.55%
Gold ($/oz)	$1,281.30	$1,465.10	-$7.60	14.34%
WTI Oil ($/brl)	$45.41	$59.20	$4.03	30.37%
VIX "Worry Index"	25.42	13.62	1.00	-46.42%
NYSE Bullish % Index	20.84	61.47	-0.54	40.63
Credit Data	12/31/2018	12/6/2019	Week Change	Simple YTD
iShares Agg. Bond ETF Yield (AGG)	2.75%	2.72%	0.01%	-1.09%
SPDR High Yld Credit ETF Yield (JNK)	6.39%	5.55%	0.00%	-13.15%
Invest. Gr. to 10 yr T-Note Spread (x 10)	60	880	-60	820