Financial News From Last Week

For the Week:

S&P500 gained 1.2% 

     (down 0.2% y-t-d),

Dow Industrials rose 2.3% 

     (down 6.5%)

Dow Utilities surged 4.4% 

    (down 5.3%)

Dow Transports surged 6.3% 

   (down 9.2%)

S&P 400 Midcaps jumped 3.6% 

    (down 11.0%)

Small cap Russell 2000 rose 3.3% 

   (down 11.7%)

Nasdaq100 fell 1.8% 

   (up 21.9%).

Biotechs rose 2.3% 

   (up 19.2%). 

With GOLD bullion rising $12, 

the HUI gold STOCK index 

gained 2.0% (up 31.4%).

 Ten-year US Treasury BOND 

yields fell two bps to 0.63% 

   (down 129bps y-o-y). 

U.K.'s FTSE rallied 3.2% (down 16.6%).

Japan's Nikkei gained 1.8% (down 4.1% y-t-d). 

France's CAC40 rose 2.0% (down 15.2%). 

German DAX advanced 2.3% (down 2.5%). 

Spain's IBEX 35 gained 1.6% (down 22.1%). 

Italy's FTSE MIB surged 3.3% (down 13.1%).

Brazil's Bovespa rose 2.9% (down 11.0%)

Mexico's Bolsa slipped 0.4% (down 16.6%).

US Freddie Mac 

30-year fixed mortgage rates 

dropped five bps 

to a record low 2.98%

(down 83bps y-o-y). 

Fifteen-year rates 

declined three bps to 2.48% 

(down 75bps).

 Five-year hybrid ARM rates 

rose four bps to 3.06% 

(down 42bps). 

Jumbo mortgage 

30-year fixed rates 

down seven bps to 3.19% 

(down 94bps).

 Over the past year, 

Fed Credit expanded 

$3.108 TN, or 82.4%. 

M2 (narrow) "money" supply 

surged $3.687 TN, or 24.9%, 

over the past year. 

Commodities Watch:

 Bloomberg Commodities Index 

slipped 0.2% (down 17.8% y-t-d). 

Spot Gold added 0.7% to $1,810 (up 19.2%). 

Silver surged 3.5% to $19.746 (up 10.2%). 

WTI crude little changed at $40.59 (down 34%). 

Gasoline dropped 4.4% (down 28%)

Natural Gas sank 5.6% (down 22%). 

Copper slipped 0.3% (up 4%).