Financial News from last week

For the 

week ending 

July 3, 2020

The S&P500 surged 4.0% 

   (down 3.1% y-t-d),

Dow Industrial rose 3.2% 

   (down 9.5%).

Dow Utilities jumped 4.7% 

   (down 9.3%)

Dow Transports surged 4.9%

    (down 15.3%)

S&P 400 Midcaps rose 3.5%

   (down 13.8%)

Small cap Russell 2000 jumped 3.8%

   (down 14.2%).

Nasdaq100 advanced 5.0%

   (up 18.4%)

Biotechs increased 1.9%

    (up 14.9%). 

While bullion was little changed, 

the HUI gold stock index 

rallied 4.1% 

   up 20.5%).

Ten-year Treasury yields

 rose three bps to 0.67%

   (down 125bps y-o-y). 

U.K.'s FTSE little changed (down 18.4%).

Japan's Nikkei declined 0.9% (down 5.7% y-t-d).

France's CAC40 rose 2.0% (down 16.2%). 

German DAX surged 3.6% (down 5.4%). 

Spain's IBEX 35 jumped 3.1% (down 22.5%).

Italy's FTSE MIB rose 3.1% (down 16.1%). 

Brazil's Bovespa rallied 3.1% (down 16.2%), 

Mexico's Bolsa gained 1.4% (down 12.9%). 

South Korea's Kospi increased 0.8% (down 2.1%).

India's Sensex advanced 2.4% (down 12.7%). 

China's Shanghai surged 5.8% (up 3.4%).

Turkey's Istanbul National 100 

     increased 0.9% (up 1.2%). 

Russia's MICEX gained 1.4% (down 8.0%).

Freddie Mac 30-year 

fixed mortgage rates 

declined six bps to 3.07% 

   (down 68bps y-o-y). 

Fifteen-year rates 

slipped three bps to 2.56% 

   (down 62bps). 

Five-year hybrid ARM rates 

fell eight bps to 3.00% 

   (down 45bps). 

Jumbo mortgage 30-year 

fixed rates down seven bps 

to 3.32%

   (down 78bps).

Federal Reserve Credit 

over the past year, 

expanded $3.194 TN, or 85%. 

M2 (narrow) "money" supply

surged $3.642 TN, or 24.6%, 

over the past year. 

Commodities Watch:

Bloomberg Commodities Index 

rallied 3.8% 

   (down 26.4% y-t-d). 

Spot Gold little changed at $1,772 

    (up 16.7%). 

Silver increased 0.8% to $18.310

    (up 2.2%). 

WTI crude jumped $1.83 to $40.32 

    (down 30%). 

Gasoline surged 7.9% 

  (down 26%)

Natural Gas jumped 13.3%

   (down 20%). 

Copper gained 1.6%

    (down 3%). 

Wheat rallied 3.4% 

   (down 12%). 

Corn jumped 7.6%

    (down 11%).