The KUIK Closing Market Report for Tuesday, April 4:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
39
points
20,689
2:22 PM
S&P500
Up
0.1%
percent
2,360
1.32
Nasdaq Composite
Up
0.1%
percent
5,899
3.93
30 Year Treasury
Unchanged
–
basis points
2.99
Annual Yield
Jeffrey Lacker, president of the Richmond Federal Reserve Bank for 13 years quit today after disclosing that he leaked information that triggered a criminal legal probe. He sad he was a source a report by Medley Global Advisors in 2012 on the Fed’s plans for QE3, the third round of asset purchases. The report made several accurate predictions about details about the plan agreed to by Fed officials at a meeting in September 2012 that were not released to the public. At the time, the Fed said it could not tell how the reporter got the information.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
