Financial data for the week ending May 14, 2021

Source:

http://creditbubblebulletin.blogspot.com/2021/05/weekly-commentary-un-anchored.html

Credit Bubble Bulletin
by Doug Noland
Friday, May 14, 2021

Following is a heavily edited
version of the Noland column:

For the week ending 

May 14, 2021:

 

S&P500 fell 1.4% 

(up 11.1% year-to-date)

 

Dow Industrials lost 1.1%  

(up 12.3%)

 

Utilities slipped 0.4% 

 (up 4.3%)

Transports dipped 0.2% 

(up 27.3%)

S&P 400 Midcaps fell 1.7% 

(up 18.0%)

 

Small cap Russell 2000 dropped 2.1% 

 (up 12.6%)

 

Nasdaq100 slumped 2.4% 

(up 3.9%)

 

Semiconductors sank 4.2%

 (up 6.7%)

 

Biotechs increased 0.5% 

(down 3.0%). 

 

With gold bullion up $12,

the HUI gold stock index rose 1.6% 

(up 2.3%).

 

U.K.'s FTSE declined 1.2% 

(up 9.0% y-t-d).

Japan's Nikkei sank 4.3%

 (up 2.3% y-t-d).

German DAX little changed

 (up 12.4%).

Brazil's Bovespa unchanged

 (up 2.4%)

South Korea's Kospi fell 1.4% 

(up 9.7%).

India's Sensex declined 1.0% 

(up 2.1%).

China's Shanghai rallied 2.1% 

(up 0.5%).

Ten-year US Treasury bond yields
gained five bps to 1.63% 

(up 71bps)

Federal Reserve Credit last week
expanded $31.5bn 

to a record $7.784 TN.
Over the past 87 weeks,
Fed Credit expanded $4.057 TN,
or +109%.

Freddie Mac 30-year 

 fixed mortgage rates

slipped two bps to 2.94%

   (down 34bps year-over-year). 

 

Fifteen-year rates 

fell four bps to 2.26%

    (down 46bps).

Five-year hybrid ARM rates
dropped 11 bps to 2.59%
    (down 59bps).

Jumbo mortgage 

30-year fixed rates

down two bps to 3.07%

    (down 60bps).

Commodities Watch:

Bloomberg Commodities Index 

dropped 1.9%

    (up 17.8% y-t-d).

Spot Gold increased 0.7% to $1,843
   (down 2.9%).

Silver was little changed at $27.42
   (up 3.9%).

WTI crude gained 47 cents to $65.37
   (up 35%).

Gasoline was unchanged
   (up 51%)

Natural was little changed
   (up 17%).

Copper fell 2.0%
   (up 32%).

Wheat sank 7.2%
   (up 10%).

Corn dropped 12.1%
   (up 33%).

Bitcoin fell $7,120, or 12.5%,
this week to $50,021
   (up 72%).