Financial Data Summary for the week ending December 30, 2022

 SOURCE:      Credit Bubble Bulletin : Weekly Commentary: 2022 Year in Review\

For the Week:

US  STOCKS 

S&P500 was little changed (down 19.4% for 2022)

Dow Industrials slipped 0.2% (down 8.8%)

Utilities declined 0.6% (down 2.3%)

Banks rose 1.6% (down 23.7%)

Broker/Dealers dipped 0.3% (down 7.7%)

Transports fell 1.3% (down 18.7%)

S&P 400 Midcaps declined 0.2% (down 14.5%)

Small cap Russell 2000 was unchanged (down 21.6%)

Nasdaq100 slipped 0.4% (down 33.0%). 

Semiconductors were little changed (down 35.8%). 

Biotechs declined 0.3% (down 4.3%). 

While bullion jumped $26, the HUI gold equities index slipped 0.9% (down 11.2%).

FOREIGN  STOCKS:

U.K.'s FTSE slipped 0.3% (up 0.9% in 2022).  

Japan's Nikkei declined 0.5% (down 9.4% for 2022). 

France's CAC40 dipped 0.5% (down 9.5%)

German DAX was little changed (down 12.3%). 

Spain's IBEX 35 declined 0.5% (down 5.6%). 

Italy's FTSE MIB fell 0.7% (down 13.3%).

Brazil's Bovespa was about unchanged (up 4.7%)

Mexico's Bolsa sank 4.2% (down 9.0%). 

South Korea's Kospi dropped 3.3% (down 24.9%). 

India's Sensex gained 1.7% (up 4.4%). 

China's Shanghai Exchange recovered 1.4% (down 15.1%). 

Turkey'  Istanbul National 100 index added 1.0% (up 197%). 

Russia's MICEX rallied 1.4% (down 43.1%).

US  BONDS:

After beginning the year at three basis points, three-month Treasury bill rates ended 2022 at 4.24%. 

Two-year government yields rose 11 bps this week to 4.43% (up 370bps during 2022). 

Five-year T-note yields jumped 15 bps to 4.01% (up 274bps). 

Ten-year Treasury yields rose 13 bps to 3.88% (up 237bps). 

Long bond yields gained 14 bps to 3.97% (up 206bps). 

Benchmark Fannie Mae MBS yields surged 19 bps to an eight-week high 5.38% (up 332bps).

FEDERAL  RESERVE  BANK:

Federal Reserve Credit declined $4.9bn last week at $8.526 TN. Fed Credit was down $375bn from the June 22nd peak. Over the past 172 weeks, Fed Credit expanded $4.799 TN, or 129%. 

US  MORTGAGES:

Freddie Mac 30-year fixed mortgage rates jumped 21 bps to 6.41% (up 330bps y-o-y). 

Fifteen-year rates surged 30 bps to 5.80% (up 347bps). 

Five-year hybrid ARM rates jumped 23 bps to 5.62% (up 321bps). 

Bankrate's survey of jumbo mortgage borrowing costs had 30-year fixed rates up two bps to 6.59% (up 336bps).

CURRENCY:

For the week, the U.S. Dollar Index declined 0.8% to 103.49, reducing 2022 gains to 8.2%. 

The Chinese (onshore) renminbi gained 1.32% versus the dollar (down 7.86% for 2022).

COMMODITIES:

Bloomberg Commodities Index added 0.2%, closing 2022 up 13.8%. 

Spot Gold jumped 1.4% to $1,824 (down 0.3%). 

Silver gained 0.9% to $23.95 (up 2.8%). 

WTI crude added 70 cents to $80.26 (up 7%). 

Gasoline jumped 3.2% (up 10%)

Natural Gas dropped 11.9% to $4.48 (up 20%). 

Copper was little changed (down 15%). 

Wheat gained 2.1% (up 3%)

Corn rose 1.8% (up 14%). 

Bitcoin fell $200, or 1.4%, this week to $16,600 (down 64%).