| The KUIK Market Update for Tuesday, October 14: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Up | 84 | points | 16,405 | 7:59 AM | ||
| S&P500 | Up | 0.7% | percent | 1,887 | 12.43 | ||
| Nasdaq Composite | Up | 0.9% | percent | 4,253 | 38.92 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 2.98 | Annual Yield | ||
| Lawyers for the European Central Bank and German opponents of loose monetary policy clashed today at Europe’s highest court, over a program credited with preventing the European Union from breaking apart during the height of the currency bloc’s crisis in the summer of 2012. The case will affect whether the ECB is able under European Union law to employ monetary policies like the US’s quantitative easing to prevent Europe from falling into deflation. | |||||||
| A study by a professor at the University of Alabama concludes that chubby-faced CEOs are more likely to use debt. Jackson Mills looked at 968 male chief executives of S&P 500 companies between 2002 and 2013. He says that the facial width of chief executives, relative to their height, is positively correlated with leverage and negatively correlated with cash holdings. There was no association with profits or investment decisions. The ratio of facial width to height is not an arbitrarily picked characteristic, he noted. It is a proxy for testosterone levels and has been linked to aggressive behavior and increased risk tolerance. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/german-government-slashes-2014-2015-growth-views-2014-10-14 | |||||||
| http://www.marketwatch.com/story/eus-highest-court-looks-into-legality-of-ecb-bond-buying-2014-10-14 | |||||||
| For today’s Market Update Report click to listen-> | |||||||