| The KUIK Market Update for Wednesday, December 7: | |||||||
| Stocks reversed direction after opening lower today | |||||||
| Index | Direction | Change | Units | Time | |||
| Dow | Up | 18 | points | 19,268 | 9:54 AM | ||
| S&P500 | Unchanged | 0.0% | percent | 2,212 | |||
| Nasdaq Composite | Down | -0.3% | percent | 5,319 | |||
| 30 Year Treasury | Down | 3 | Basis Points | 3.05% | Annual Yield | ||
| European stocks were trading at their highest in more than two months today. Bank shares were higher on hopes of a state-backed rescue for struggling Italian lenders. Credit Suisse said its restructuring plan is working. | |||||||
| Are the US Markets in a state of Irrational exuberance or eager anticipation of a rebounding U.S. economy unshackled from over-burdensome regulations, high corporate taxes and too-timid fiscal policy? Paul McCulley, former chief economist for Pimco, says it’s the latter. |
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| In politics and entertainment, TIME magazine’s person-of-the-year is President-elect Donald Trump. | |||||||
| Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/credit-suisse-miners-push-stoxx-europe-600-toward-highest-close-since-september-2016-12-07 | |||||||
| http://www.marketwatch.com/story/will-trump-usher-in-an-economic-boom-2016-12-07 | |||||||
| http://www.marketwatch.com/story/trump-is-time-person-of-the-year-whatever-happens-next-it-will-never-be-like-it-was-before-2016-12-07 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||