Stocks are down about 3% during the last 30 days, but this may be one of our only opportunities to add to equities this summer.

Fundamental economic analysis supports this decision:
1. The yield curve is steeper in anticipation of a stronger economy ahead.
2. Bond credit spreads are narrower as investors take on more risk in the fixed-income market. Equities usually follow the lead of this larger and deeper market.
3. Twenty-nine of the Dow 30 fell yesterday as investors sold indiscriminately.