The KUIK Morning Market Report for Monday, November 28:
Markets are down.
Index
Direction
Change
Units
Time
Dow
Down
(47)
points
19,106
7:09 AM
S&P500
Down
-0.2%
percent
2,209
Nasdaq Composite
Down
-0.2%
percent
5,389
30 Year Treasury
Down
(3)
Basis Points
2.99
Annual Yield
The rough fiscal-stimulus outline offered by President-elect Trump could lift U.S. economic growth to 2.3% in 2017, according to the Organization for Economic Cooperation and Development. That’s up from its projection for 1.9% growth in 2017 without the Trump plan. It also projects 3% growth up from 2.2%, for 2018. Trump pledged to add $1 trillion to U.S. infrastructure but has not provided financing details. He’s also promised corporate and personal income-tax cuts. The OECD now pegs global economic growth at 3.3%, up from 3.2%, in 2017, and lifted its outlook to 3.6%, from 3.3%, for 2018. It said the biggest risk to its outlook is protectionism, especially pledged U.S. tariffs on imports from China and Mexico, which could offset the boost from higher government spending and lower taxes. It’s the first international economic policy agency to publish an estimate of the impact of Trump’s proposals.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
