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Markets continued their slow upward melt yesterday again posting slightly higher record closes.  Very little economic data today so there may be little to move markets. (Fox Business News)

Small business owners were more upbeat in May about the US economy than at any time since September 2007.  Even while reaching a post-recession high, the index is still far below what we would expect in a robust economic expansion. This was the third straight up monthly posting for the index. (CNBC)

Home foreclosures reached 8 year lows in May dropping 26% from last year. Currently nationally 109,824 homes are in some stage of foreclosure. Florida leads the pack with one in every 436 homes in foreclosure.  (Reuters)

The world added 2.6 million millionaire households in 2013, up 19 percent.  Millionaires represent 1.1% of the entire world population. The US has almost 44% of the world’s millionaires.  Last year total global wealth rose 14.6% to $152 trillion.  (Boston Consulting Group Global Wealth Report)

Short sellers, those betting the stock market will go down, have been wrong for five years.  Short sellers have recently raised their bets to 11% of all shares of one index that tracks the S&P 500, their highest since 2012.  Bets against tech stocks are 67% above their 12-month rolling average. (Bloomberg)

Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.