Markets

• The U.S. stock market (as measured by the S&P 500) has not had a 1% daily move, up or down, in nearly 40 days, the longest streak in the last 15 years The Wall Street Journal
• Oil prices rise further on growing Iraq tensions USA Today
• The case for emerging markets Research Affiliates

Investing

• Investing mistakes ranked from most common to least: Not diversifying, Investing without a plan, Making emotional decisions, Failing to regularly view portfolio, and Focusing too heavily on the recent history of an investment’s returns USA Today
• Recessions and U.S. stock market declines do not always go hand in hand  A Wealth of Common Sense

Global Economy

• U.S. sales rose in May, but less than expected. The April increase was revised stronger. Reuters
• Canada’s top central banker said Thursday that high home prices and record levels of household debt remain the biggest risks to the country’s financial system  Wall Street Journal
• The global economy, “in need of new oomh” The Economist
• There are mixed opinions regarding the economic benefits to Brazil for hosting the World Cup Bloomberg