Closing Market Report 3/5/2018

The KUIK Closing Market Report for Monday, March 5:

Markets were up.

Index

Direction

Change

Units

Index

Time

Change

Dow

Up

                   337

 points

        24,875

2:50 PM

S&P500

Up

1.1%

percent

          2,721

       1.00

Nasdaq Composite

Up

1.0%

percent

          7,331

       9.00

30 Year Treasury

Up

                      2

Basis Points

           3.15

Annual Yield

The yield curve, which plots yields across Treasury maturities, is  the most accurate predictor of recessions, according to new research released today by the San Francisco Federal Reserve. The spread between 2- and 10-year yields is a closely watched section of the curve for its indications of economic health. An upward sloping curve, with longer-term yields higher than short-terms, is typical in an expanding economy. An inversion which, is when the 2-year is higher than the 10-year, reliably predicts low future output growth and indicates a high probability of a recession. An inverted yield curve has correctly signaled all nine recessions, with only one false positive in the 1960s.

Serving the West Side first, I am Bill Roller of brcapitalinc.com for 1360 KUIK.

www.marketwatch.com/story/yield-curve-still-has-power-to-predict-recessions-san-francisco-fed-paper-says-2018-03-05

For today’s Closing Market Report click to listen->