| The KUIK Market Update for Wednesday, October 29: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Last | Time | Change | |
| Dow | Down | (3) | points | 17,003 | 8:05 AM | ||
| S&P500 | Down | -0.1% | percent | 1,984 | (1.16) | ||
| Nasdaq Composite | Down | -0.4% | percent | 4,544 | (20.31) | ||
| 30 Year Treasury | Up | 2 | Basis Points | 3.08 | Annual Yield | ||
| The Census Bureau reports that the homeownership rate, the share of occupied homes in which owners live, fell to 64.4% in the third quarter. That’s the lowest since 1994, and down almost 1% from the third quarter of 2013. With homeownership down, rental vacancies hit the lowest level since the mid-1990s. Rents have moving higher, with annual housing inflationspeeding up tp the fastest pace since 2008. | |||||||
| Alan Greenspan says get ready for turmoil when the Fed quits quantitative easing this month. During an appearance at the Council of Foreign Relations in New York, Greenspan was asked if the Fed could engineer an exit without sparking a crisis. Greenspan said he didn’t like the word “crisis” but that “turmoil” was a good substitute. Then he replied, “I don’t think it is possible.” | |||||||
| Crude-oil inventories increased by 2.1 million barrels in the week ended Oct. 24, according to the Energy Information Administration . Analysts polled by Platts expected 2.8 million barrels. Gasoline stocks fell by 1.2 million barrel. December crude is up 1.1%, to $82.32 a barrel on the New York Merc and gained after the report. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/homeownership-drops-to-two-decade-low-2014-10-29 | |||||||
| http://www.marketwatch.com/story/greenspan-fed-cant-exit-without-turmoil-2014-10-29 | |||||||
| http://www.marketwatch.com/story/oil-adds-to-gains-supply-report-in-line-with-forecast-2014-10-29 | |||||||
| For today’s Market Update Report click to listen-> | |||||||