Market Update Report 12/29/2017

The KUIK Market Update for Friday, December 29:
Markets are down.
Index Direction Change Units Index Time Change
Dow Jones Industrial Average Down (28) points 24,804 8:23 AM
S&P500 Down -0.1% percent 2,684 (0.02)
Nasdaq Composite Down -0.3% percent 6,929 (8.63)
30 Year Treasury Down (1) Basis Points 2.75 Annual Yield
The National Weather Service has updated extreme winter advisories for much of the northeast and midwestern U.S. prompting preparations in New York for its coldest New Year’s Eve in nearly 60 years. President Trump tweeted: "In the East, it could be the COLDEST New Year’s Eve on record. Perhaps we could use a little bit of that good old Global Warming that our Country, but not other countries, was going to pay TRILLIONS OF DOLLARS to protect against. Bundle up!" That has set twitter ablaze.
On Wednesday, Vitalik Buterin the founder of #2 cryptocurrency Ethereum ranted on Twitter about how discussions about cryptocurrency appear to have been taken over by immature jokes and memes, and are increasingly focused only on wealth. He said “*All* crypto communities, ethereum included…need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society.” The current market cap of ethereum is $69.71 billion, and the currency is up more than 10,600% since the beginning of the year.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
https://www.marketwatch.com/story/trump-welcomes-global-warming-to-thaw-out-frigid-eastern-us-sending-twitter-ablaze-2017-12-29
https://www.marketwatch.com/story/gold-looks-to-extend-win-streak-and-pad-nearly-13-gain-for-2017-2017-12-29
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