{"id":61164,"date":"2021-12-29T07:59:23","date_gmt":"2021-12-29T12:59:23","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61164"},"modified":"2021-12-29T08:00:10","modified_gmt":"2021-12-29T13:00:10","slug":"weekly-commentary-just-the-facts-december-24-2021","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61164","title":{"rendered":"Weekly Commentary: Just the Facts – December 24, 2021"},"content":{"rendered":"

Weekly Commentary: Just the Facts – December 24, 2021<\/a><\/h3>\n
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For the Week:<\/p>\n

The S&P500 rallied 2.3% (up 25.8% y-t-d), and the Dow rose 1.7% (up 17.5%). The Utilities were little changed (up 11.7%). The Banks gained 1.4% (up 34.1%), and the Broker\/Dealers advanced 2.2% (up 29.5%). The Transports rose 2.3% (up 29.4%). The S&P 400 Midcaps jumped 2.5% (up 21.2%), and the small cap Russell 2000 surged 3.1% (up 13.5%). The Nasdaq100 advanced 3.2% (up 26.5%). The Semiconductors surged 4.6% (up 40.7%). The Biotechs increased 1.3% (down 1.6%). With bullion up $19, the HUI gold index jumped 2.5% (down 15.3%).<\/p>\n

Three-month Treasury bill rates ended the week at 0.055%. Two-year government yields rose five bps to 0.69% (up 57bps y-t-d). Five-year T-note yields gained seven bps to 1.24% (up 88bps). Ten-year Treasury yields jumped nine bps to 1.49% (up 58bps). Long bond yields rose 10 bps to 1.91% (up 26bps). Benchmark Fannie Mae MBS yields gained six bps to 2.09% (up 74bps).<\/p>\n

Greek 10-year yields jumped 13 bps to 1.32% (up 70bps y-t-d). Ten-year Portuguese yields gained 15 bps to 0.41% (up 38bps). Italian 10-year yields surged 22 bps to 1.11% (up 57bps). Spain’s 10-year yields jumped 17 bps to 0.51% (up 46bps). German bund yields gained 13 bps to negative 0.25% (up 32bps). French yields jumped 15 bps to 0.12% (up 46bps). The French to German 10-year bond spread widened two to 37 bps. U.K. 10-year gilt yields surged 17 bps to 0.93% (up 73bps). U.K.’s FTSE equities index gained 1.4% (up 14.1% y-t-d).<\/p>\n

Japan’s Nikkei Equities Index increased 0.8% (up 4.9% y-t-d). Japanese 10-year “JGB” yields added two bps to 0.07% (up 5bps y-t-d). France’s CAC40 jumped 2.3% (up 27.7%). The German DAX equities index added 1.4% (up 14.9%). Spain’s IBEX 35 equities index rallied 3.0% (up 6.1%). Italy’s FTSE MIB index advanced 1.5% (up 21.5%). EM equities were mixed. Brazil’s Bovespa index fell 2.2% (down 11.9%), while Mexico’s Bolsa gained 0.9% (up 19.9%). South Korea’s Kospi index slipped 0.2% (up 4.8%). India’s Sensex equities index added 0.2% (up 19.6%). China’s Shanghai Exchange declined 0.4% (up 4.2%). Turkey’s Borsa Istanbul National 100 index sank 9.3% (up 28.1%). Russia’s MICEX equities index declined 0.6% (up 12.6%).<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Weekly Commentary: Just the Facts – December 24, 2021 For the Week: The S&P500 rallied 2.3% (up 25.8% y-t-d), and the Dow rose 1.7% (up 17.5%). The Utilities were little changed (up 11.7%). The Banks gained 1.4% (up 34.1%), and the Broker\/Dealers advanced 2.2% (up 29.5%). The Transports rose 2.3% (up 29.4%). The S&P 400 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[7756,16861],"class_list":["post-61164","post","type-post","status-publish","format-standard","hentry","category-economics","tag-credit-bubble-bulletin","tag-doug-noland"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61164"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61164\/revisions"}],"predecessor-version":[{"id":61166,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61164\/revisions\/61166"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}