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Market Update - June 2, 2014

“It’s impossible,” said pride.

“It’s risky,” said experience.

“It’s pointless,” said reason.

“Give it a try,” whispered the heart.

-Unknown

 

The markets started off the week posting some slight losses, but seem to have now slipped to the upside.

 

In an unusual move, the ISM (Institute of Supply Management) changed its May manufacturing report to 56.0 from the initial report of 53.2, due to a software error that applied last month's seasonal adjustment factor to this month's data. The revised reading is slightly above forecast for 55.5, according to Reuters.

 

Later this week, we will be looking at other economic data including reports on factory orders and car sales. This Friday, the latest Labor Department jobs report figures will also be released.

 

Index

Weekly   Return %

thru   May 30, 2014

YTD   Return %

Dec 31, 2013 – May 30, 2014

DJIA1

+0.7

+0.9

NASDAQ Composite2

+1.4

+1.6

S&P 500 Index3

+1.2

+4.1

Bond Yields

May 30 Yield & Weekly Change

Yield -   % a/o Dec 31, 2013

3-month T-bill

0.04           Unch

0.07

2-year Treasury

0.37           Unch

0.38

10-year Treasury

2.48           -0.06

3.04

30-year Treasury

3.33           -0.07

3.96

Commodities

May 30 Price & Weekly   Change

Year end 2013

Oil per barrel4

       $102.93             -1.46

   $98.42

Gold per ounce5

$1,250.50           -41.00

$1,201.50

@LWMLLC