| The KUIK Market Update for Friday, June 20: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 31 | points | 16,953 | 7:47 AM | ||
| S&P500 | Up | 0.1% | percent | 1,961 | 1.96 | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,359 | (0.67) | ||
| 30 Year Treasury | Up | 1 | Basis Points | 3.47 | Annual Yield | ||
| Today is 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. | |||||||
| August gold is up 0.4%, to $1,319.50 an ounce on the Comex division of the New York Merc. Yesterday gold jumped 3.3% to reach its highest point since April 14 on safe haven buying. President Barack Obama annoucned yesterday he would send 300 Special Forces advisors Iraq. And On Wednesday, the Federal Reserve cut its monthly bond purchases by another $10 billion to $35 billion a month. Fed Chairman Janet Yellen indicated that interest 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 Market Update Report click to listen-> | |||||||