Morning Market Report 4/9/2014

The KUIK Morning Market Report for Wednesday, April 9:
Markets are up.
Index Direction Change Units Last Time Change
Dow Up                     29 points           16,285 6:48 AM
S&P500 Up 0.2% percent             1,855             2.90
Nasdaq Composite Up 0.5% percent             4,132            18.69
30 Year Treasury Up                       2 Basis Points               3.56 Annual Yield
Markets risk “disappointment” in an environment of rising interest rates unless equity valuations become better supported by rising earnings, capital investment, and aggregate demand, the International Monetary Fund said today as part of its global financial stability report. The IMF said U.S. equity prices are in line with the long-term trend on price-to-equity ratio but looks stretched on the Shiller P/E ratio, which takes into account 10 years of earnings. The report more broadly said financial stability has improved in advanced economies, as the IMF continued to express concern on the impact the Federal Reserve’s less-accommodative policies will have on emerging markets.
Oil futures are holding onto small gains, with lingering concerns over unrest in Ukraine and concern over delays reopening Libyan ports. Traders are also waiting for data on U.S. crude inventories. May crude oil is up 0.1%, to $102.64 a barrel.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/markets-risk-disappointment-as-rates-rise-imf-says-2014-04-09
http://www.marketwatch.com/story/oil-up-on-ukraine-fears-libya-delays-2014-04-09?dist=markets
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