The KUIK Morning Market Report for Tuesday, March 28:
Markets are down slightly.
Index
Direction
Change
Units
Time
Dow
Down
(11)
points
20,539
6:59 AM
S&P500
Down
-0.1%
percent
2,339
Nasdaq Composite
Down
-0.1%
percent
5,832
30 Year Treasury
Down
(1)
Basis Points
2.97
Annual Yield
Houses are hot here in the west. The S&P/Case-Shiller 20-city index rose 5.7% in the three months ending in January compared to the same period a year ago, as it accelerated 5.5% annual rate in December. The index was up 0.2% for the month, or 0.9% seasonally adjusted. Seattle led on an annual basis, up 0.6% for the month and 11.3% for the year with Portland second, up only 0.1% for the month but 9.7% for the year.
President Trump signed four bills yesterday. All of them halt rules enacted in the final years of the Obama presidency. Two of the bills prevent the Department of Education from dictating how states measure achievement and roll back a requirement for determining the effectiveness of teacher preparation programs. Another bill voids an executive order that aimed to protect government contractors by requiring employers to disclose labor-law violations. The fourth halts a plan for land managed by the Bureau of Land Management.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
