The KUIK Morning Market Report for Tuesday, August 29:
Markets are down.
Index
Direction
Change
Units
Index
Time
Change
Dow Jones Industrial Average
Down
(64)
points
21,745
6:49 AM
S&P500
Down
-0.4%
percent
2,435
(9.14)
Nasdaq Composite
Down
-0.4%
percent
6,259
(24.43)
30 Year Treasury
Down
(5)
Basis Points
2.70
Annual Yield
Markets are down. Yesterday, North Korea launched a ballistic missile over Japan. That’s seen as another direct provocation that could destabilize the region. Japanese Prime Minister Shinzo Abe called the missile test an “unprecedented, grave and serious threat that seriously damages peace and security in the region.” President Trump has previously said the U.S. would react with “fire and fury” if Pyongyang stepped up threats against the U.S. and its allies. This morning he said that “all options are on the table.”
Home price growth increased in June as strong demand continues to buoy the market. The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.7% in the three month ending in June compared to a year ago. Seattle led, up 1.4% for the month and 13.4% for the year. Portland was number 2, up 0.9% for the month and 8.2% for the year.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
