| The KUIK Morning Market Report for Tuesday, February 12: | |||||||
| Markets are flat. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 7 | points | 13,976 | 6:51 AM | ||
| S&P500 | Up | 0.01% | percent | 1,517 | 0.13 | points | |
| Nasdaq Composite | Down | -0.02% | percent | 3,191 | (0.64) | points | |
| 30 Year Treasury | Up | 4 | Basis Points | 3.19 | Annual Yield | ||
| The National Federation of Independent Business said its small-business optimism index edged up 0.9 points to 88.9. Even though there was a five-point advance in those who expect the economy to improve, at -30%, that component was still the fourth-worst on record. | |||||||
| Market are flat ahead of President Obama’s State of the Union address today at 6:00 pm Pacific time. The president is expected press for issues favored by the coalition of women, youth and minorities that swept him to victory last November. | |||||||
| Marketwatch reports the latest fund-manager survey from Bank of America Merrill Lynch out Tuesday says managers continue to see value in equities after the strong market performance of early 2013. Around 13% say equities are still undervalued. The survey polled 251 managers with $691 billion of assets under management. 59% of the managers think the global economy will strengthen in the year ahead. The continued high level of optimism is a concern, and markets may be vulnerable to bad news, but valuation suggests any correction should be short and shallow. Their favorite sector is pharmaceuticals. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/nfib-small-business-index-edges-up-in-january-2013-02-12 | |||||||
| http://blogs.marketwatch.com/thetell/2013/02/12/itll-be-a-short-and-shallow-stock-correction-if-any-say-fund-managers/ | |||||||
| For today’s Morning Market Report click to listen-> | https://beaconrwa.com/audio/Morning-Market-Report.mp3 | ||||||