Market Update Report 2/19/2013

February 19, 2013
The KUIK Market Update for Tuesday, February 19:
Markets are up.
Index Direction Change Units Last Time Change
Dow Up                     41 points             14,023 8:10 AM
S&P500 Up 0.37% percent               1,525               5.61 points
Nasdaq Composite Up 0.25% percent               3,200               8.01 points
30 Year Treasury Down                      (0) Basis Points               3.18 Annual Yield
Marketwatch reports that downside risks to the U.S. economy have diminished in recent months, with data points providing some bright spots and reducing the possibility that the economy will slip into a renewed recession, Goldman Sachs’ top economist Jan Hatzius said in a note dated February 17.   Hatzius said macroeconomic data, such as jobless claims, retail sales and   manufacturing surveys, so far show the economy didn’t buckle under the $200 billion tax increase that took effect at the beginning of the year.
German investors became more depressed about current economic conditions in February but were more upbeat than expected about future prospects, according to the Center for European Economic Research, or ZEW. The ZEW expectations index rose to 48.2 from a January reading of 31.5. Economists surveyed by Dow Jones expected 35.0.
The National Association of Home Builders/Wells Fargo Housing Market Index dropped to 46 in February from 47 in January. Analysts polled by   MarketWatch expected 48.  This was the first drop since April 2012 and due to economic uncertainty and strict lending standards.  The Homebuilders   also cited rising materials costs and limited labor availability in certain markets.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/goldman-recession-risks-looks-much-lower-now-2013-02-19
http://www.marketwatch.com/story/german-feb-zew-expectations-index-tops-forecast-2013-02-19
http://www.marketwatch.com/story/home-builder-confidence-declines-in-february-nahb-2013-02-19?dist=lcountdown
For today’s Morning   Market Report click to listen-> https://beaconrwa.com/audio/Market-Update-Report.mp3