| The KUIK Morning Market Report for Tuesday, May 21: | |||||||
| Markets are down slightly. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (19) | points | 15,335 | 7:00 AM | ||
| S&P500 | Up | -0.07% | percent | 1,666 | 4.43 | points | |
| Nasdaq Composite | Down | -0.07% | percent | 3,496 | 1.00 | points | |
| 30 Year Treasury | Up | 1 | Basis Points | 3.18 | Annual Yield | ||
| Marketwatch reports in testimony for the Senate Banking Committee, Treasury Secretary Jacob Lew said underwriting standards have loosened in some markets, including some real estate investment trusts, at the same time that investors are “reaching for yield” by investing in lower-grade credit. | |||||||
| In “Managing a melt-up,” a research report published yesterday by Bank of America Merrill Lynch, Chief Techical Analyst Stephen Suttmeier says the U.S. market can go considerably higher before it risks topping out in late summer, with favorable tailwinds for financial and industrial stocks. | |||||||
| It may pay to stay home. Gasoline prices at the pump have been climbing for 15 days in a row, and motorists this Memorial Day likely face the highest prices for the holiday since 2011, according to AAA. The average price for a gallon of regular gasoline was $3.65 on Monday, according to AAA’s Daily Fuel Gauge Report. That was the highest national average since March 26. It’s also up from $3.579 a week ago. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/lew-sees-loosening-underwriting-standards-2013-05-21 | |||||||
| http://blogs.marketwatch.com/thetell/2013/05/21/2-hot-sectors-and-1-golden-rule-for-the-sp-500-melt-up/ | |||||||
| http://blogs.marketwatch.com/thetell/2013/05/20/gasoline-prices-to-hit-highest-for-a-memorial-day-weekend-in-two-years/ | |||||||
| For today’s Morning Market Report click to listen-> | |||||||