Financial News from last week

For the week

ending June 26, 2020

S&P500 dropped 2.9% 

(down 6.9% y-t-d), 

Dow Industrials fell 3.3% 

(down 12.3%). 

Dow Utilities lost 2.8% 

(down 13.4%). Dow 

Transports declined 3.0% 

(down 19.2%). 

S&P 400 Midcaps dropped 3.8% 

(down 16.7%)

Small cap Russell 2000 fell 2.8%

 (down 17.4%)

Nasdaq100 dipped 1.6% 

(up 12.8%). 

Biotechs slipped 2.0% 

(up 12.7%).

 With bullion jumping $27, 

the HUI gold stock index jumped 5.0% 

(up 15.8%).

Ten-year Treasury bond yields 

fell five bps to 0.64% 

(down 128bps). 

Freddie Mac 30-year fixed mortgage rates 

were unchanged at 3.13% 

(down 60bps y-o-y). 

Fifteen-year rates

 added a basis point to 2.59%

 (down 57bps). 

Five-year hybrid ARM rates 

slipped a basis point to 3.08% 

(down 31bps). 

Jumbo mortgage 30-year fixed rates 

down 10 bps to 3.39% 

(down 78bps).

 U.K.'s FTSE declined 2.1% 

(down 18.3%).

Japan's Nikkei little changed 

(down 4.8% y-t-d). 

France's CAC40 declined 1.4% 

(down 17.9%)

German DAX  fell 2.0% 

(down 8.8%). 

Spain's IBEX 35 dropped 3.2% 

(down 24.8%). 

Italy's FTSE MIB lost 2.5% 

(down 18.6%)

Brazil's Bovespa dropped 2.8%

 (down 18.9%)

Mexico's Bolsa fell 2.5%

 (down 14.0%). 

South Korea's Kospi slipped 0.3%

 (down 2.9%).

 India's Sensex gained 1.3% 

(down 14.7%). 

China's Shanghai increased 0.4%

 (down 2.3%). 

Turkey's Istanbul National 100 rose 0.9%

 (up 0.2%). 

Russia's MICEX little changed

 (down 9.3%).

Federal Reserve Credit 

over the past year, 

expanded $3.214 TN, or 84.7%. 

M2 (narrow) "money" supply 

surged $3.560 TN, or 24.1%, 

over the past year. 

Commodities Watch:

Bloomberg Commodities Index 

fell 2.1% 

(down 21.8% y-t-d). 

Spot Gold jumped 1.6% to $1,771 

(up 16.7%). 

Silver gained 0.8% to $18.168 

(up 1.4%). 

WTI crude dropped $1.26 to $38.49

 (down 37%). 

Gasoline sank 9.3%

 (down 32%)

Natural Gas dropped 7.5%

 (down 30%). 

Copper rallied 1.9% 

(down 4%). 

Wheat fell 2.0%

(down 15%). 

Corn sank 5.1%

 (down 18%).