The KUIK Closing Market Report for Thursday, December 22:
Markets were down.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(23)
points
19,919
2:40 PM
S&P500
Down
-0.2%
percent
2,261
(4.22)
Nasdaq Composite
Down
-0.4%
percent
5,447
(24.01)
30 Year Treasury
Up
1
Basis Points
3.13
Annual Yield
After two years of lackluster returns, the price of bitcoin is up more than 100% this year putting it on track for its best annual performance since 2013 when it went from around $90 in January to an all-time high of $1,242 in November. It traded as high as $867 today, according to Coin Market Cap, taking its market capitalization past $14 billion. Analysts attribute this year’s advance to increasing adoption by professional investors, improving market fundamentals, and the fear that the largest economies are growing increasingly unstable.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
