The financial markets will be focusing this week on a host of economic data from around the globe. Recent market volatility, caused by the Federal Reserve’s indication that quantitative easing may be slowed later this year based on improving economic conditions, has brought a new importance to economic statistics. In his post meeting press conference, Chairman Bernanke stated that the Fed’s policies will be driven by the continuation of strengthening fundamentals, particularly employment. As such, the June nonfarm payroll report on Friday July 5th becomes extremely important. Other leading indicators, such as manufacturing both domestically and around the world will be released. We have been waiting for quite some time for the market to trade on fundamentals, and we believe that time has finally returned.