Financial Data Summary of the week ending December 2, 2022

 SOURCE: 

Credit Bubble Bulletin : Weekly Commentary: Dr. Jekyll and Mr. Hyde

For the Week Ending December 2, 2022:

US  STOCKS:
S&P500 increased 0.4% (down 14.6% y-t-d)

Dow Industrial little changed (down 5.3%)

Utilities were unchanged (down 2.6%)

Banks were about unchanged (down 19.5%)

Broker/Dealers increased 0.4% (up 0.1%)

Transports slipped 0.3% (down 11.9%)

S&P 400 Midcaps were unchanged (down 9.4%)

Small cap Russell 2000 gained 0.4% (down 15.7%)

Nasdaq100 increased 0.2% (down 26.5%)

Semiconductors gained 0.4% (down 29.8%)

Biotechs rose 0.6% (down 1.5%). 

While bullion jumped $43, 
the HUI gold equities index was little changed 
(down 8.5%).

FOREIGN  STOCKS

U.K.'s FTSE added 0.9% (up 2.3% y-t-d)

Japan's lost 1.8% (down 3.5% y-t-d).  

France's CAC40 increased 0.4% (down 5.7%)

German DAX about unchanged (down 8.5%). 

Spain's IBEX 35 declined 0.4% (down 3.8%). 

Italy's FTSE MIB slipped 0.4% (down 10.0%). 

Brazil's Bovespa rallied 2.7% (up 6.8%)

Mexico's Bolsa declined 0.8% (down 3.8%). 

South Korea's Kospi little changed (down 18.2%). 

India's Sensex gained 0.9% (up 7.9%). 

China's Shanghai Exchange rose 1.8% (down 13.3%).

 Turkey's Istanbul National 100 index added 1.8% 
(up 167%). 

Russia's MICEX declined 0.7% (down 42.4%).

US  BONDS
Three-month Treasury bill rates ended the week at 4.1475%. 

Two-year government yields dropped 18 bps to 4.27% (up 354bps y-t-d). 

Five-year T-note yields sank 21 bps to 3.65% (up 239bps). 

Ten-year Treasury yields fell 19 bps to 3.49% (up 198bps). 

Long bond yields dropped 19 bps to 3.55% (up 165bps).

 Benchmark Fannie Mae MBS yields sank 25 bps to 4.89% (up 282bps).

FEDERAL  RESERVE  BANK
Federal Reserve Credit declined $18.8bn last week to $8.569 TN. Fed Credit was down $332bn from the June 22nd peak. Over the past 168 weeks, Fed Credit expanded $4.428 TN, or 130%. 

US  MORTGAGES
Freddie Mac 30-year fixed mortgage rates dropped 15 bps to 6.39% (up 328bps y-o-y). 

Fifteen-year rates fell nine bps to 5.79% (up 340bps). 

Five-year hybrid ARM rates slipped two bps to 5.49% (up 300bps). 

Bankrate's survey of jumbo mortgage borrowing costs had 30-year fixed rates down 27 bps to 6.49% (up 327bps).

CURRENCY
For the week, the U.S. Dollar Index declined 1.3% to 104.55 (up 9.3% y-t-d).

The Chinese (onshore) renminbi gained 1.58% versus the dollar (down 9.89% y-t-d).

COMMODITIES

Bloomberg Commodities Index slipped 0.4% 
(up 15.4% y-t-d). 

Spot Gold jumped 2.4% to $1,798 (down 1.7%). 

Silver surged 6.4% to $2 (down 0.7%). 

WTI crude rallied $3.70 to $79.98 (up 6%). 

Gasoline fell 2.1% (up 2.3%)

Natural Gas sank 10.6% to $6.26 (up 68%). 

Copper surged 6.1% (down 14%). 

Wheat dropped 4.5% (down 1%)

Corn fell 3.7% (up 9%). 

Bitcoin recovered $520 this week, or 6.2%, 
to $17,050 (down 63%).