Financial News Last Week

S&P500 
slipped 0.3%
     (down 0.5% y-t-d)

Dow Industrials 
declined 0.8% 
   (down 7.2%)

Dow Utilities 
little changed 
   (down 5.5%)

Dow Transports 
fell 1.7% 
    (down 10.7%)

S&P 400 Midcaps 
gained 0.7% 
    (down 10.3%)

Small cap Russell 2000 
dipped 0.4% 
    (down 12.0%)

Nasdaq100 
fell 1.5% 
    (up 20.0%)

Biotechs 
dropped 4.5% 
   (up 13.9%). 


With bullion 
surging $92, 
the HUI gold 
stock index 
jumped 7.5% 
   (up 41.2%).


 Ten-year Treasury yields
 fell four bps to 0.59% 
    (down 133bps y-o-y). 


Freddie Mac 
30-year fixed 
mortgage rates 
increased three bps 
to 3.01% 
   (down 74bps y-o-y). 

Jumbo mortgage 
30-year fixed rates 
down two bps to 3.17% 
    (down 87bps).


Federal Reserve Credit
over the past year, 
expanded 84%. 


M2 (narrow) 
"money" supply
surged 24%, 
over the past year.