| The KUIK Morning Market Report for Friday, June 20: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 38 | points | 16,959 | 7:02 AM | ||
| S&P500 | Up | 0.2% | percent | 1,963 | 3.09 | ||
| Nasdaq Composite | Up | 0.1% | percent | 4,364 | 5.09 | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.48 | Annual Yield | ||
| U.S. stocks could see increased volatility and higher trading volume today due to quadruple witching. Schaeffer’s Investment Research says “Although the day’s economic calendar is bare, today is quadruple-witching expiration, meaning equity options, stock index futures, stock index options, and single stock futures expire — which could create some additional volatility in the markets” While quadruple witching sounds ominous and only happens four times a year, a Wall Street Journal story earlier this year said recent quadruple-witching Fridays haven’t been that exciting. | |||||||
| The dollar rebounded today, but it’s on track to post weekly losses against most major currencies after the Fed signaled Wednesday it is likely to keep interest rates low for a while. Fed Chairwoman Janet Yellen dismissed data showing higher-than-expected consumer-price inflation as “noisy,” emphasizing that there is no “mechanical formula” for interest-rate hikes. Her remarks, which came after the central bank decided to cut its monthly bond purchases by another $10 billion to $35 billion a month, suggests rates could remain at low levels until the middle of next year. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/quadruple-witching-may-bring-added-volatility-volume-2014-06-20?dist=markets | |||||||
| http://www.marketwatch.com/story/dollar-to-post-weekly-loss-on-low-rates-prospect-2014-06-20?link=MW_Nav_NV | |||||||
| For today’s Morning Market Report click to listen-> | |||||||