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The Dallas Fed regional index slipped further into the red during May falling 5.9 points to -20.8 on weakness in production, new orders and employment.  The Chicago PMI or Purchasing Managers Index also fell in May, down 1.1 points to 49.3 a significant miss to expectations as the index registers contraction.  So apparently the industrial economy struggles, business spending slips further while the consumer side and real estate both surge higher.

This is Caleb Lawrence Registered Investment Adviser Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.

You can catch me on the radio at noon each business day as well on California’s central coast.  KPIG 107.5 FM in the Monterey Bay or KPYG 94.9 FM in San Luis Obispo.

Rebroadcasts, additional writings and other entries are also available on my Blog at www.clinvestments.com

Advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.

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