Don’t forget! Sign up NOW for the 2013 Klaas Financial Charity Golf Outing to benefit Patriot’s Gateway Community Center.  Register HERE or call Jean at 877-495-5227!

• For April, the CPI came in at -0.4%, a tenth below market expectations while YoY slowed to a meager 1.1%.

• U.S Housing starts dropped 16.5% in April to annualized 853k units.

• Initial unemployment claims increased 32,000 to 360,000.

• The Euro-Zone shrank for the sixth consecutive quarter.

• Yen hits 4 year low verse dollar.

• In Q1, global gold demand was down 13%, the lowest level in three years.

• For the week ending 5/17/13, the S&P gained 2.07% closing at 1667.47. The MSCI EAFE Index gained 0.29% closing at 1763.95 and the MSCI EM Index dropped -0.47% to end the week at 1045.76.