| The KUIK Market Update for Tuesday, April 15: | |||||||
| Markets are down | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (25) | points | 16,148 | 8:02 AM | ||
| S&P500 | Down | -0.2% | percent | 1,827 | (3.63) | ||
| Nasdaq Composite | Down | -0.9% | percent | 3,986 | (36.68) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.47 | Annual Yield | ||
| The Labor Department reports consumer prices rose a seasonally adjusted 0.2% in March due to higher costs for food and shelter and food costs. Food prices are up 0.4% for the second straight month while shelter costs rose 0.3%. Energy prices fell 0.1% led by lower gasoline costs. The core CPI, which excludes volatile food and energy costs, also rose 0.2%, driven by shelter. Economists expected overall and core CPI to gain by by 0.1%. Consumer prices have risen an unadjusted 1.5% over the past 12 months or by 1.7% on a core basis. | |||||||
| The majority of global fund managers believe the U.S. is still the most overvalued equity market in the world, with many instead turning their focus back toward emerging markets, according to the BofA Merrill Lynch fund manager survey for April. A net 66% of the respondents found U.S. stocks too expensive, little changed from the March and February readings. A net 55% think emerging markets are undervalued, the highest level ever and up from 49% in March. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-consumer-prices-rise-02-on-shelter-costs-in-march-2014-04-15 | |||||||
| http://www.marketwatch.com/story/us-still-most-overvalued-stock-market-bofa-survey-2014-04-15?dist=markets | |||||||
| For today’s Market Update Report click to listen-> | |||||||