Saturday, August 22, 2020

Stock, mortgage rates and commodity prices from last week

For the Week:

S&P500 up 0.7% 

   (up 5.1% y-t-d)


Dow Industrial little changed
    (down 2.1%)


Dow Utilities down 1.4%
     (down 7.2%)

Dow Transports down 0.2% 
   (up 0.4%)

S&P 400 Midcaps down 2.0% 
   (down 7.4%)

Small cap Russell 2000 down 1.6% 
    (down 7.0%)

Nasdaq100 up 3.5%
     (up 32.3%)

Biotechs down 2.9% 
    (up 6.4%). 

Gold bullion slipped $5, 
but the HUI gold stock index 
rallied 2.0% 
(up 39.2%).



MORTGAGES:

Freddie Mac 30-year

fixed mortgage rates 
rose three bps to 2.99%
    (down 56bps y-o-y). 

Fifteen-year rates
 jumped eight bps to 2.54% 
    (down 49bps). 

Five-year hybrid ARM rates 
added a basis point to 2.91% 
    (down 41bps)

Jumbo mortgage
30-year fixed rates 
down 12 bps to 3.05%
    (down 100bps).
 



Over the past year, 
Fed Credit expanded 86.9%.

M2 (narrow) "money" supply 
surged 23.3%, over the past year.




Commodities:
 

 Bloomberg Commodities Index
 gained 0.9% (down 11.7% y-t-d). 

Spot Gold slipped 0.2% to $1,940 (up 27.8%).

 Silver rallied 2.4% to $26.877 (up 50.0%).

 WTI crude added 33 cents to $42.34 (down 31%). 

Gasoline rose 3.2% (down 24%)

Natural Gas jumped 3.9% (up 12%). 

Copper advanced 1.8% (up 5%). 

Wheat surged 5.0% (down 4%). 

Corn increased 0.7% (down 12%).

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