Financial data summary of the week ending January 20, 2023

 SOURCE: Credit Bubble Bulletin : Weekly Commentary: Inflation Complacency

For the Week ending January 20, 2023:

US  STOCKS:
The S&P500 declined 0.7% (up 3.5% y-t-d)

Dow Industrial dropped 2.7% (up 0.7%). 

Utilities fell 3.0% (down 2.0%)

Banks slipped 0.5% (up 6.2%)

Broker/Dealers declined 0.9% (up 6.2%)

Transports were little changed (up 7.2%)

S&P 400 Midcaps lost 0.9% (up 5.3%)

Small cap Russell 2000 fell 1.0% (up 6.0%). 

Nasdaq100 added 0.7% (up 6.2%)

Semiconductors dipped 0.2% (up 10.4%)

Biotechs were about unchanged (up 4.7%). 

While bullion gained $6, the HUI gold equities index declined 0.5% (up 12.7%).

FOREIGN  STOCKS:
 U.K.'s FTSE declined 0.9% (up 4.3% y-t-d).

Japan's Nikkei gained 1.7% (up 1.8% y-t-d).

France's CAC40 slipped 0.4% (up 8.1%)

German DAX declined 0.4% (up 8.0%). 

Spain's IBEX 35 added 0.4% (up 8.4%). 

Italy's FTSE MIB little changed (up 8.7%). 

Brazil's Bovespa gained 1.0% (up 2.1%)

Mexico's Bolsa added 0.7% (up 11.3%). 

South Korea's Kospi increased 0.4% (up 7.1%). 

India's Sensex gained 0.6% (down 0.4%). 

China's Shanghai Exchange jumped 2.2% (up 5.7%).

Turkey's Istanbul National 100 surged 10.1% (down 0.3%).

 Russia's MICEX fell 1.5% (up 0.6%).

US  BONDS
Three-month Treasury bill rates ended the week at 4.515%. 

Two-year government yields declined six bps this week to 4.17% (down 26bps y-t-d). 

Five-year T-note yields fell five bps to 3.56% (down 44bps). 

Ten-year Treasury yields dipped two bps to 3.48% (down 40bps). 

Long bond yields gained four bps to 3.66% (down 31bps). 

Benchmark Fannie Mae MBS yields increased three bps to 4.88% (down 51bps).

FEDERAL  RESERVE  BANK:
Federal Reserve Credit declined $4.3bn last week to $8.467 TN. Fed Credit was down $434bn from the June 22nd peak. Over the past 175 weeks, Fed Credit expanded $4.741 TN, or 127%. 

US  MORTGAGES:
Freddie Mac 30-year fixed mortgage rates dropped 23 bps to a four-month low 5.95% (up 239bps y-o-y). 

Fifteen-year rates sank 36 bps to 5.18% (up 239bps). 

Five-year hybrid ARM rates declined eight bps to 5.41% (up 281bps). 

Bankrate's survey of jumbo mortgage borrowing costs had 30-year fixed rates up nine bps to 6.37% (up 278bps).

CURRENCY:
For the week, the U.S. Dollar Index declined 0.2% to 102.01 (down 1.4% y-t-d). 

The Chinese (onshore) renminbi declined 1.23% versus the dollar (up 1.68% y-t-d).

COMMODITIES:
Bloomberg Commodities Index increased 0.5% (down 0.6% y-t-d). 

Spot Gold added 0.3% to $1,926 (up 5.6%). 

Silver fell 1.4% to $23.93 (unchanged). 

WTI crude rose $1.78 to $81.64 (up 1.7%). 

Gasoline jumped 4.4% (up 8%)

Natural Gas dropped another 7.2% to $3.17 (down 29%).

Copper gained 0.8% (up 12%). 

Wheat slipped 0.3% (down 6%)

Corn increased 0.2% (unchanged). 

Bitcoin rallied $2,800, or 14.2%, this week 
to $22,630 (up 36.6%).