The KUIK Closing Market Report for Thursday, February 16:
Markets ended mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
8
points
20,620
2:46 PM
S&P500
Down
-0.1%
percent
2,347
(2.03)
Nasdaq Composite
Down
-0.1%
percent
5,815
(4.54)
30 Year Treasury
Down
(4)
basis points
3.05
Annual Yield
Total household debt climbed by $226 billion in the final quarter of 2016, according to a report from the Federal Reserve Bank of New York. Total household debt is now just $99 billion shy of the all-time peak of $12.7 trillion set in the third quarter of 2008. The New York Fed estimates that debt will set a new record in 2017. It doesn’t adjust its figures for inflation so when measured against the broader economy, total household borrowing today is 67% of gross domestic product, compared with about 85% in 2008.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
