Morning Market Report 1/27/2017

The KUIK Morning Market Report for Friday, January 27:
 
Market are down slightly.
 
Index Direction Change Units   Time    
Dow Down                        (4)  points            20,097 7:04 AM    
S&P500 Down -0.1% percent            2,294      
Nasdaq Composite Down -0.1% percent            5,651      
30 Year Treasury Down                        (1) Basis Points              3.08 Annual Yield    
 
The Commerce Department reports that gross domestic product expanded 1.9% annually in the fourth quarter. That’s below the 3.5% in the third quarter and below 2.2% expected by economists. For the full year, the U.S. grew just 1.6% compared to 2.6% in 2015. Tt was the weakest performance since 2011. The historical average is 3.3% and the last time the U.S. topped 3% was in 2005. A wider trade deficit was  the biggest anchor in the fourth quarter. The economy would have topped 3% growth if the trade gap had been unchanged. Consumers increased spending by 2.5%.
 
President Trump has vowed to push the economy into higher gear with a combination of tax cuts, reduced regulations, and spending on infrastructure. Most economists predict the economy will grow around 2% 2017. The payoff from the president’s policies will probably come at the end of the year or early 2018.
 
 
 
 
 
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
 
http://www.marketwatch.com/story/us-economy-slows-to-19-in-4th-quarter-gdp-shows-2017-01-27
http://www.marketwatch.com/story/us-economy-slows-to-19-in-4th-quarter-gdp-shows-2017-01-27
 
 
 
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