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Bob Carey
Chief Investment Officer
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Brian Wesbury
Chief Economist
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Factoid of the Day
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Wednesday, May 16, 2012
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While the relative strength of the U.S. economy continues to boost corporate earnings and drive stock prices higher (S&P 500 +6.7% Y-T-D), the weakness in Europe and tempering of growth in China has proven a drag on commodity prices. Commodity prices are down 5.3% so far in 2012. The Reuters/Jefferies CRB Index is trading this morning at a reading of 289.11, just below its 10-year average of 289.84, according to Bloomberg. Its 10-year high was 473.52 on 7/2/08. The U.S. Dollar Index (DXY) is trading at a reading of 81.96, also fairly close to its 10-year average of 84.96. The 10-year low for DXY was 71.33 on 4/22/08. Investors who have missed out on commodity rallies in the past may be presented with another entry point in the near future.
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Global Equity Income Closed-End, 23 |
5/16/2012 |
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Interest Rate Hedge, 45 |
5/16/2012 |
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Municipal Income Select Closed-End, 39 |
5/16/2012 |
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New Jersey Municipal Income Select Closed-End, 11 |
5/16/2012 |
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Preferred Income, 52 |
5/16/2012 |
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First Trust ETF Allocation, 2 |
5/17/2012 |
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California Municipal Income Select Closed-End, 12 |
5/18/2012 |
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High Dividend Equity Allocation, 3 |
5/18/2012 |
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Oil & Gas Equipment & Services, 2 |
5/18/2012 |
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Senior Loan & Limited Duration Plus Closed-End, 55 |
5/18/2012 |
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SMid High Dividend, 5 |
5/18/2012 |
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Investment Grade Multi-Asset Income Long-Term, 3 |
5/22/2012 |
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Capital Strength, 16 |
5/23/2012 |
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High Dividend Equity, 10 |
5/23/2012 |
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MLP Closed-End Fund and Energy, 18 |
5/23/2012 |
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Senior Loan & Limited Duration Closed-End, 14 |
5/23/2012 |
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Strategic Income Closed-End, 41 |
5/23/2012 |
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Canadian Energy and Income, 26 |
5/25/2012 |
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Dividend & Income Plus Closed-End, 35 |
5/25/2012 |
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Global Bond Income Closed-End, 6 |
5/25/2012 |
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High Dividend Equity Allocation Plus, 3 |
5/25/2012 |
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Balanced Income Select, 27 |
5/30/2012 |
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Dow® Target 10, June 2012 |
6/1/2012 |
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Income Allocation Closed-End, June 2012 |
6/1/2012 |
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Target Diversified Global Allocation, 4 |
6/1/2012 |
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Target Focus Four, June 2012 |
6/1/2012 |
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Target Triad, June 2012 |
6/1/2012 |
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Target VIP, June 2012 |
6/1/2012 |
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Hedge Fund Manager Holdings, 2 |
6/5/2012 |
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