U.S. home prices rose .9% in May, providing signs of a rebound in the housing market.  Efforts by the Federal Reserve to keep rates low and free-up funding should lead to fourth quarter gains in the housing market.

Food & Beverage

Falling raw material prices continue to improve gross margins in the food & beverage industry.  Although deal flow is slightly down from  2008 YTD, we expect the impressive margins should generate increased deal flow in the fourth quarter of 2009 and first quarter of 2010.  Private-label food makers will be especially attractive for firms planning expand into the price-sensitive consumer market.