Morning Market Report 11/12/2013 | Beacon Rock Wealth Advisors

The KUIK Morning Market Report for Tuesday, November 12:

Markets are down slightly.

Index	Direction	Change	Units	Last	Time	Change
Dow	Down	(8)	points	15,775	6:57 AM
S&P500	Down	-0.13%	percent	1,770		(2.30)
Nasdaq Composite	Down	-0.14%	percent	3,914		(5.31)
30 Year Treasury	Up	2	Basis Points	3.86	Annual Yield

Small-business optimism dropped in October after the government shutdown. The National Federation of Independent Business’s small-business optimism index dropped to 91.6 in October from 93.9 in September, the lowest reading since April, with seven of the ten components negative. The biggest drop came from those who expect the economy to improve, which dropped 7 percentage points to a net negative 17%. The average value of the small-business optimism index since the recovery started is 91, which is 8 points below the thirty-five year average through 2007.

Dallas Federal Reserve President Richard Fisher in an interview on CNBC today urged the markets to prepare for the tapering of the Fed’s quantitative-easing stimulus, though repeating that overall policy would remain loose for some time to come.

The Bank of America Merrill Lynch Fund Manager Survey for November, shows investors have regained confidence,now that the political paralysis in Washington in October is out of the way. In the survey, 67% of the managers said they expect the world economy to strengthen over the next year, up a large 13 percentage points from last month.



Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.

http://www.marketwatch.com/story/oct-nfib-small-business-optimism-index-drops-2013-11-12
http://www.marketwatch.com/story/feds-fisher-says-easing-to-reach-its-limit-2013-11-12
http://blogs.marketwatch.com/thetell/2013/11/12/bright-times-ahead-fund-managers-cheer-up-about-the-global-economy/


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