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The KUIK Morning Market Report for Friday, February 23: |
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Markets are up. |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Up |
134 |
points |
25,097 |
7:18 AM |
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S&P500 |
Up |
0.6% |
percent |
2,719 |
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Nasdaq Composite |
Up |
0.6% |
percent |
7,251 |
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30 Year Treasury |
Down |
(3) |
Basis Points |
3.18 |
Annual Yield |
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Regulators plan to pare back an Obama-era requirement mandating mutual funds tell shareholders about large holdings of hard-to-sell assets. The Securities and Exchange Commission had planned to propose rolling back the disclosures, set to go into effect in 2019, on Wednesday. But the SEC anticipates a vote in the future. The measure stems from the meltdown of a $789 million mutual fund that had high concentrations of junk bonds and distressed debt. The SEC is now weighing whether to allow funds to keep private their quarterly estimates of how much of their portfolio includes hard-to-sell debt or other securities, but the data would still be given to regulators. |
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A survey from the National Association of Realtors says that 61% of people who intend to buy a home in the next 12 months have been searching for at least three months. 42% said they “can’t find a home at a price I can afford,” while 36% “can’t find a home with the features I want” and 34% “can’t find a home in the neighborhood I want.” Nnearly 30% said they ‘continue to get outbid whenever I make an offer.” |
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Sign up for a Social Security and Retirement Analysis at brcapitalinc.com/kuik. Serving the West Side first, I am Bill Roller for 1360 KUIK. |
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www.marketwatch.com/story/sec-planning-to-roll-back-obama-era-mutual-fund-rules-2018-02-22 |
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For today’s Morning Market Report click to listen-> |
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