Financial data for the week ending October 16, 2020

 For the Week:

GLOBAL  STOCKS:
S&P500 up 0.2% (up 7.8% y-t-d)

 Dow Industrials up 0.1% (up 0.2%).

Dow Utilities up 0.8% (up 1.4%)

Dow Transports down 0.2% (up 8.6%)

S&P 400 Midcaps unchanged (down 3.2%)

Small cap Russell 2000 dipped 0.2% (down 2.1%)

Nasdaq100 up 1.1% (up 35.7%)

Biotechs down 1.9% (up 8.2%)

With bullion down $31,
 the HUI gold stock index fell 2.0%
   (up 37.8%).

 U.K.'s FTSE down 1.6% (down 21.5%).

Japan's Nikkei down 0.9% (down 1.0% y-t-d).

German DAX dropped 1.1% (down 2.6%).

Spain's IBEX 35 down 1.5% (down 28.3%).

Italy's FTSE MIB down 1.0% (down 17.5%).

Brazil's Bovespa up 0.8% (down 15.0%)

Mexico's Bolsa lost 1.6% (down 13.0%).

South Korea's Kospi down 2.1% (up 6.5%).

India's Sensex down 1.3% (down 3.1%).

China's Shanghai up 2.0% (up 9.4%).

Turkey's Istanbul National 100 up 2.3% (up 4.2%).

Russia's MICEX down 1.2% (down 8.1%).


US  BONDS  &  MORTGAGES:
Ten-year US Treasury bond yields
down three bps to 0.75%
    (down 117bps year over year)

Freddie Mac 30-year fixed mortgage rates
down six bps to a record low 2.81%
    (down 88bps y-o-y).

Fifteen-year rates down two bps to 2.35%
   (down 80bps).

Five-year hybrid ARM rates up a basis point to 2.90%
    (down 45bps).

Jumbo mortgage 30-year fixed rates down two bps to 3.06%  (down 106bps).

Federal Reserve Credit up 80% over the past year.

M2 money supply up 23.5% over the past year


COMMODITIES:
Bloomberg Comm. Index up 0.2% (down 9.3% y-t-d).

Spot Gold down 1.6% to $1,899 (up 25.1%).

Silver down 2.8% to $24.405 (up 36.2%).

WTI crude up 28 cents to $40.88 (down 33%).

Gasoline down 2.9% (down 31%)

Natural Gas up 1.2% (up 27%).

Copper down 0.5% (up 10%).

Wheat up 5.3%  (up 12%).

 Corn up 1.8% (up 4%).

Source:
http://creditbubblebulletin.blogspot.com/2020/10/weekly-commentary-moral-hazard-pinnacle.html