Political turmoil is pushing Italian yields higher, but not signaling broader crisis. Italian yields have spiked in recent days, with the 2-year yield moving from 0.46% on Friday May 25, to 2.2% currently; this after it was actually negative (-0.08%) two weeks ago. It is important to note however, that yields in Germany and France actually moved lower on this news. The fact that markets are using core European countries as a safe haven may indicate that they believe the issue is in Italy itself, and investors aren't concerned about the potential for broader contagion in the Eurozone at this point. (LPL)

The Bloomberg Barclays Municipal Bond Index has outperformed the broader Bloomberg Barclays Aggregate Index year to date (-0.9% vs -2.2%) and since the beginning of 2017 (4.5% vs 1.2%). (LPL)

Microsoft is up 40% over the last 12 months and is now worth $749 billion and is the world's third most valuable company behind Apple and Amazon. (CNBC)

Dick's Sporting Goods beat forecasts by 7 cents a share, with adjusted quarterly profit of 52 cents per share. Revenue also came in above forecasts. Comparable-store sales fell more than expected, but Dick's also raised its full-year outlook largely above Street's forecast. (AP)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.