Source:
http://creditbubblebulletin.blogspot.com/2020/06/weekly-commentary-update-covid-19.html
For the Week:
http://creditbubblebulletin.blogspot.com/2020/06/weekly-commentary-update-covid-19.html
For the Week:
S&P500 gained 1.9%
(down 4.1% y-t-d)
Dow Industrials rose 1.0%
(down 9.3%)
Dow Utilities dropped 2.4%
(down 10.9%)
Dow Transports unchanged
(down 16.7%)
S&P 400 Midcaps rose 1.4%
(down 13.5%)
Small cap Russell 2000
gained 2.2%
(down 15.0%)
Nasdaq100 advanced 3.6%
(up 14.6%)
Biotechs surged 7.1%
(up 15.0%).
With bullion rising $13,
the HUI gold stock index
gained 1.8%
(up 10.3%).
(down 4.1% y-t-d)
Dow Industrials rose 1.0%
(down 9.3%)
Dow Utilities dropped 2.4%
(down 10.9%)
Dow Transports unchanged
(down 16.7%)
S&P 400 Midcaps rose 1.4%
(down 13.5%)
Small cap Russell 2000
gained 2.2%
(down 15.0%)
Nasdaq100 advanced 3.6%
(up 14.6%)
Biotechs surged 7.1%
(up 15.0%).
With bullion rising $13,
the HUI gold stock index
gained 1.8%
(up 10.3%).
Ten-year US Treasury yields
declined a basis point
to 0.70% (down 122bps)
U.K.'s FTSE
rallied 3.1%
(down 16.6%).
Japan's Nikkei
gained 0.8%
(down 5.0% y-t-d)
France's CAC40
recovered 2.9%
(down 16.7%)
German DAX
rallied 3.2%
(down 6.9%).
Spain's IBEX 35
rose 1.7%
(down 22.4%).
Italy's FTSE MIB
jumped 3.9%
(down 16.5%)
Brazil's Bovespa
surged 4.1%
(down 16.5%)
Mexico's Bolsa gained 1.9%
(down 11.8%).
South Korea's Kospi
increased 0.4%
(down 2.6%).
India's Sensex
gained 2.8%
(down 15.8%).
China's Shanghai
rose 1.6%
(down 2.7%).
Turkey's Istanbul
National 100
recovered 3.4%
(down 0.7%).
Russia's MICEX
increased 0.5%
(down 9.4%).
gained 0.8%
(down 5.0% y-t-d)
France's CAC40
recovered 2.9%
(down 16.7%)
German DAX
rallied 3.2%
(down 6.9%).
Spain's IBEX 35
rose 1.7%
(down 22.4%).
Italy's FTSE MIB
jumped 3.9%
(down 16.5%)
Brazil's Bovespa
surged 4.1%
(down 16.5%)
Mexico's Bolsa gained 1.9%
(down 11.8%).
South Korea's Kospi
increased 0.4%
(down 2.6%).
India's Sensex
gained 2.8%
(down 15.8%).
China's Shanghai
rose 1.6%
(down 2.7%).
Turkey's Istanbul
National 100
recovered 3.4%
(down 0.7%).
Russia's MICEX
increased 0.5%
(down 9.4%).
Freddie Mac 30-year
fixed mortgage rates
dropped eight bps to 3.13%
(down 71bps y-o-y).
Fifteen-year rates
fell four bps to 2.58%
(down 67bps).
Five-year hybrid ARM rates
slipped a basis point to 3.09%
(down 39bps)
Jumbo mortgage
30-year fixed rates
up three bps to 3.49%
(down 63bps).
fixed mortgage rates
dropped eight bps to 3.13%
(down 71bps y-o-y).
Fifteen-year rates
fell four bps to 2.58%
(down 67bps).
Five-year hybrid ARM rates
slipped a basis point to 3.09%
(down 39bps)
Jumbo mortgage
30-year fixed rates
up three bps to 3.49%
(down 63bps).
Federal Reserve Credit
Over the past year,
expanded $3.276 TN,
or 86%.
Over the past year,
expanded $3.276 TN,
or 86%.
M2 (narrow)
"money" supply
surged $3.509 TN,
or 23.8%, over the
past year.
"money" supply
surged $3.509 TN,
or 23.8%, over the
past year.
Commodities Watch:
Bloomberg Commodities
Index recovered 1.4%
(down 20.2% y-t-d).
Spot Gold gained 0.8%
to $1,744 (up 14.9%).
Silver jumped 3.1%
to $18.022 (up 0.6%).
WTI crude jumped $3.49
to $39.75 (down 35%).
Gasoline surged 13.1%
(down 24%)
Natural Gas fell 3.6%
(down 24%).
Copper increased 0.4%
(down 6%).
Wheat sank 4.4%
(down 13%).
Corn gained 0.8%
(down 13%).
Index recovered 1.4%
(down 20.2% y-t-d).
Spot Gold gained 0.8%
to $1,744 (up 14.9%).
Silver jumped 3.1%
to $18.022 (up 0.6%).
WTI crude jumped $3.49
to $39.75 (down 35%).
Gasoline surged 13.1%
(down 24%)
Natural Gas fell 3.6%
(down 24%).
Copper increased 0.4%
(down 6%).
Wheat sank 4.4%
(down 13%).
Corn gained 0.8%
(down 13%).
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