Brief
This report covers the 47th week of the year spanning Friday, November 17th, through Friday, November 24th, 2023. The week in numbers provides key statistics and data, economic reports, market performance and fun science stats for the week.
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Highlights
- US Stocks rise an average of 1.00% this week
- All US Sectors were up this week with Health Care rising the most gaining 2.20%
- Argentine stocks soar after libertarian Javier Milei wins Presidency (Bloomberg article)
- The US National Debt has increased 2.30 Trillion since the National Debt ceiling was suspended on June 1st, 2023
- Steel prices jump 16.85% this week, now up 39.78% YTD
- Solana (SOL) remains the best performing major crypto YTD up 471.1%
- The US Average Regular Gasoline price has fallen 9 consecutive weeks from $3.878 to 3.289 a gallon
- 30yr Average Mortgage rates decline for 4th consecutive week, falling from 7.79% on Oct 26th to 7.29% Nov 22nd
View our Economic Indicators Dashboard for up-to-date economic stats.
Economic Reports
Monday, November 20th
- Leading Indicators for October decreased 0.8%, more than the expected decrease of 0.7% and more than last month’s decrease of 0.7%
Tuesday, November 21st
- Existing Home Sales for October increased 4.1% to an annually adjusted rate of 3.79M, less than the expected rate of 3.90M and less than last month’s rate of 3.95M
Wednesday, November 22nd
- Initial Jobless Claims for last week decreased by 24,000 to 209,000 new claims, slightly higher than the expected 220,000
- Continuing Jobless Claims decreased by 22,000 to 1.84 million
- Durable Orders for October decreased 5.4%, lower than the expected decrease of 3.1% and much lower than last month’s increase of 4.0%
- Durable Goods –ex transportation for October was 0%, lower than the expected increase of 0.2% and lower than last month’s increase of 0.2%
Thursday, November 23rd
- No notable economic reports
Friday, November 24th
- No notable economic reports
Next Week’s Major Reports
- New Home Sales – Monday, November 27th
- Consumer Confidence – Tuesday, November 28th
- GDP Second Estimate – Wednesday, November 29th
- Personal Income – Thursday November 30th
- PCE Prices – Thursday, November 30th
- ISM Manufacturing – Friday December 1st
See more Economic News at Briefing.com or learn about each economic report in our knowledge hub.
US Stocks
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| DJIA | 35,390.15 | 442.87 | 1.27% | 34,907.98 | 35,399.44 | 6.77% | ||
| Nasdaq | 14,250.85 | 125.37 | 0.89% | 14,134.20 | 14,359.61 | 36.16% | ||
| S&P 500 | 4,559.34 | 45.32 | 1.00% | 4,510.36 | 4,568.43 | 18.75% | ||
| Wilshire 5000 | 44,833.72 | 442.43 | 1.00% | 44,581.75 | 44,833.72 | 17.75% |
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Communication Services | 240.22 | 2.97 | 1.25% | 239.71 | 241.83 | 50.73% | ||
| Consumer Discretionary | 1,334.14 | 10.21 | 0.77% | 1,325.78 | 1,334.14 | 32.69% | ||
| Consumer Staples | 742.94 | 10.56 | 1.44% | 732.32 | 742.94 | -4.64% | ||
| Energy | 645.08 | 1.58 | 0.25% | 642.21 | 645.08 | -4.05% | ||
| Financials | 587.20 | 5.89 | 1.01% | 582.98 | 587.20 | 3.06% | ||
| Health Care | 1,525.24 | 32.80 | 2.20% | 1,500.21 | 1,525.24 | -3.80% | ||
| Industrials | 897.85 | 6.73 | 0.76% | 893.54 | 897.85 | 7.99% | ||
| Information Technology | 3,267.66 | 19.94 | 0.61% | 3,266.16 | 3,309.58 | 50.43% | ||
| Materials | 509.76 | 5.07 | 1.00% | 505.47 | 509.76 | 4.13% | ||
| Real Estate | 227.39 | 2.36 | 1.05% | 225.74 | 227.39 | -2.14% | ||
| Utilities | 316.50 | 1.74 | 0.55% | 313.79 | 316.50 | -11.71% |
Global Stocks
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| UK FTSE 100 | 7,488.20 | -16.05 | -0.21% | 7,446.68 | 7,506.00 | 0.49% | ||
| France CAC 40 | 7,292.80 | 58.89 | 0.81% | 7,214.39 | 7,298.91 | 12.65% | ||
| Spain IBEX 35 | 9,939.00 | 177.60 | 1.82% | 9,759.70 | 9,957.30 | 20.78% | ||
| Germany DAX 40 | 16,029.49 | 110.33 | 0.69% | 15,854.82 | 16,041.17 | 15.12% | ||
| India BSE Sensex | 65,970.04 | 175.31 | 0.27% | 65,547.80 | 66,235.24 | 8.43% | ||
| China Shanghai Comp | 3,040.97 | -13.40 | -0.44% | 3,034.30 | 3,089.77 | -1.56% | ||
| HK Hang Seng 50 | 17,559.42 | 105.23 | 0.60% | 17,532.73 | 18,057.62 | -11.23% | ||
| Japan Nikkei 225 | 33,625.53 | 40.33 | 0.12% | 33,182.99 | 33,853.46 | 28.86% | ||
| Australia ASX 200 | 7,040.80 | -8.60 | -0.12% | 7,026.90 | 7,090.40 | 0.03% |
Currencies
| Currency | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| CAD Canadian Dollar | 1.3635 | -0.0088 | -0.64% | 1.3595 | 1.3767 | 0.60% | ||
| MXN Mexican Peso | 17.1180 | -0.1024 | -0.59% | 17.0659 | 17.2691 | -12.16% | ||
| ARS Argentinian Peso | 357.52 | 3.53 | 1.00% | 351.21 | 357.78 | 102.29% | ||
| COP Colombian Peso | 4,040.50 | -42.00 | -1.03% | 4,004.48 | 4,107.76 | -16.67% | ||
| BRL Brazilian Real | 4.9031 | -0.0031 | -0.06% | 4.8437 | 4.9190 | -7.22% | ||
| GBP British Pound Sterling | 0.7934 | -0.0090 | -1.12% | 0.7926 | 0.8036 | -4.02% | ||
| EUR Euro | 0.9135 | -0.0026 | -0.28% | 0.9102 | 0.9215 | -2.24% | ||
| CHF Swiss Franc | 0.8827 | -0.0026 | -0.29% | 0.8810 | 0.8876 | -4.58% | ||
| CZK Czech Koruna | 22.2960 | -0.1394 | -0.62% | 22.2641 | 22.5445 | -1.21% | ||
| NOK Norwegian Krone | 10.7249 | -0.0748 | -0.69% | 10.6322 | 10.8276 | 9.34% | ||
| SEK Swedish Krona | 10.4470 | -0.0773 | -0.73% | 10.3755 | 10.5486 | 0.09% | ||
| RUB Russian Ruble | 89.28 | -0.45 | -0.50% | 86.75 | 90.01 | 21.06% | ||
| SAR Saudi Riyal | 3.7506 | 0.0001 | 0.00% | 3.7483 | 3.7516 | -0.20% | ||
| AED UAE Dirham | 3.6728 | -0.0002 | -0.01% | 3.6723 | 3.6732 | 0.01% | ||
| INR Indian Rupee | 83.31 | 0.04 | 0.05% | 83.05 | 83.57 | 0.68% | ||
| THB Thai Baht | 35.35 | 0.24 | 0.68% | 35.01 | 35.53 | 2.11% | ||
| SGD Singapore Dollar | 1.3400 | -0.0034 | -0.25% | 1.3347 | 1.3451 | -0.07% | ||
| MYR Malaysian Ringgit | 4.6845 | 0.0045 | 0.10% | 4.6455 | 4.6960 | 6.35% | ||
| CNH Chinese Yuan | 7.1485 | -0.0687 | -0.95% | 7.1286 | 7.2245 | 3.28% | ||
| HKD Hong Kong Dollar | 7.7930 | -0.0033 | -0.04% | 7.7896 | 7.8022 | -0.17% | ||
| KRW South Korean Won | 1,305.33 | 9.70 | 0.75% | 1,283.88 | 1,308.50 | 3.44% | ||
| JPY Japanese Yen | 149.45 | -0.15 | -0.10% | 147.16 | 149.99 | 13.98% | ||
| AUD Australian Dollar | 1.5189 | -0.0160 | -1.04% | 1.5170 | 1.5404 | 3.67% | ||
| NZD New Zealand Dollar | 1.6458 | -0.0231 | -1.38% | 1.6415 | 1.6731 | 4.51% |
* Rates are quoted as the amount of local currency to buy 1 US Dollar.
Commodities
- Average US Regular Gas Price – decreased 6.0 cents or -1.79% this week to $3.289 a gallon. See more about US Regular Gas Prices.
- EIA Crude Oil Inventories – increased by 8.7M barrels last week compared to prior week increase of 3.6M
- EIA Natural Gas Inventories – decreased 7 bcf last week compared to prior week increase of 60 bcf (billion cubic feet)
| Commodity | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Gold | 2,003.00 | 18.30 | 0.92% | 1,967.20 | 2,009.80 | 9.68% | ||
| Silver | 24.34 | 0.49 | 2.05% | 23.30 | 24.40 | 1.25% | ||
| Platinum | 936.90 | 35.20 | 3.90% | 899.40 | 949.10 | -13.48% | ||
| Palladium | 1,075.20 | 16.30 | 1.54% | 1,044.00 | 1,101.50 | -40.20% |
| Commodity | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Crude Oil | 75.54 | -0.35 | -0.46% | 73.79 | 78.22 | -5.88% | ||
| Natural Gas | 2.9990 | -0.1320 | -4.22% | 2.9330 | 3.1340 | -26.92% | ||
| Gasoline | 2.1366 | -0.0479 | -2.19% | 2.1276 | 2.2569 | -13.79% |
| Commodity | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Lumber | 551.50 | 12.00 | 2.22% | 536.00 | 552.50 | 47.58% | ||
| Steel (HRC) | 1,040.00 | 150.00 | 16.85% | 887.00 | 1,056.00 | 39.78% | ||
| Copper | 3.7890 | 0.0505 | 1.35% | 3.7255 | 3.8325 | -0.56% |
| Commodity | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Corn | 4.8250 | 0.1550 | 3.32% | 4.6450 | 4.8925 | -28.89% | ||
| Wheat | 5.7725 | 0.0150 | 0.26% | 5.6775 | 5.9150 | -27.11% | ||
| Soybeans | 13.3075 | -0.0950 | -0.71% | 13.2700 | 13.8925 | -12.68% | ||
| Coffee | 1.6815 | 0.0150 | 0.90% | 1.6525 | 1.7340 | 0.51% | ||
| Sugar | 0.2698 | -0.0020 | -0.74% | 0.2681 | 0.2778 | 34.63% | ||
| Cocoa | 4,089.00 | -19.00 | -0.46% | 4,039.00 | 4,148.00 | 57.27% | ||
| Cotton | 0.8099 | -0.0052 | -0.64% | 0.7970 | 0.8180 | -2.85% |
| Commodity | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Cattle | 1.7098 | -0.0478 | -2.72% | 1.7048 | 1.7758 | 8.28% | ||
| Lean Hogs | 0.6878 | -0.0220 | -3.10% | 0.6813 | 0.7268 | -21.58% | ||
| Feeder Cattle | 2.1933 | -0.0918 | -4.02% | 2.1915 | 2.3220 | 19.39% |
Interest Rates
- Federal Funds Effective Rate – has remained the same this week at 5.33% with the target rate rage increasing to 5.25-5.50% since the July 26th, 2023 increase of 25 basis points. See more about the Federal Funds Rate.
- 30 Year Average US Mortgage Rates – decreased this week to 7.29% from 7.44% last week. Learn more about 30 year mortgage rates.
- MBA Mortgage Applications Index – increased by 3.0% this week compared to the prior week increase of 2.8%
| Maturity | Week Close | Week Change | Low | Week Range | High | |
|---|---|---|---|---|---|---|
| US 1 Month | 5.401% | 0.038% | 5.337% | 5.410% | ||
| US 3 Month | 5.420% | 0.048% | 5.366% | 5.462% | ||
| US 1 Year | 5.261% | 0.019% | 5.214% | 5.313% | ||
| US 5 Year | 4.492% | 0.048% | 4.372% | 4.513% | ||
| US 10 Year | 4.471% | 0.031% | 4.362% | 4.497% | ||
| US 30 Year | 4.603% | 0.011% | 4.517% | 4.639% |
Cryptocurrencies
- Total Crypto Market Cap – increased 4.16% or 57.4B this week to 1,437B
| Rank* | Crypto | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BTC | 37,710.80 | 1,196.79 | 3.28% | 35,855.61 | 38,378.84 | 127.89% | ||
| 2 | ETH | 2,083.11 | 120.05 | 6.12% | 1,929.27 | 2,130.82 | 74.06% | ||
| 3 | BNB | 232.88 | -11.62 | -4.75% | 226.16 | 269.47 | -5.47% | ||
| 4 | XRP | 0.6226 | 0.0082 | 1.33% | 0.5831 | 0.6294 | 83.17% | ||
| 5 | SOL | 56.89 | -1.27 | -2.19% | 51.90 | 61.96 | 471.14% | ||
| 6 | ADA | 0.3863 | 0.0206 | 5.64% | 0.3506 | 0.3993 | 56.71% | ||
| 7 | DOGE | 0.0782 | -0.0080 | -9.32% | 0.0718 | 0.0864 | 11.30% | ||
| 8 | TRX | 0.1048 | 0.0009 | 0.89% | 0.0961 | 0.1054 | 92.20% | ||
| 9 | AVAX | 20.87 | -0.96 | -4.38% | 19.07 | 23.22 | 91.51% | ||
| 10 | MATIC | 0.7590 | -0.0701 | -8.46% | 0.7283 | 0.8663 | 0.07% |
* Rank is based on market cap of non-stablecoins.
Fascinating Stats
US National Debt
The US National Debt increased 63.6 billion (Wednesday, November 15th to Wednesday, November 22nd), to a total debt of $33,766,418,955,614.84 according to the Treasury Department. The National Debt Ceiling of 31.381 trillion has been suspended as of June 1st, 2023 until January 1st, 2025. See the Debt to the Penny.
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867.8
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276.3
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305.6
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253.2
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532.2
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66.8
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| Jun | Jul | Aug | Sep | Oct | Nov |
Chart data updated through October 11th, 2023
Space Weather – Solar Sunspots
The number of solar Sunspots (magnetic storms on the surface of the sun facing Earth) has increased this week to 184 from 28 last week, the sun has had 0 spotless days in 2023. We are about 2 years into a 5 year solar cycle known as Solar Maximum where sunspots are in constant very high numbers. See more about Sunspots and space weather.
Exoplanet Discoveries
NASA has cataloged 0 new exoplanets this week, the total has remained at 5,539 confirmed and catalogued Exoplanets across 4,261 confirmed Planetary Systems. 298 Exoplanets have been confirmed this year so far and there are 10,009 Exoplanet Candidates being evaluated for confirmation. Learn about all of the Exoplanets from NASA’s Exoplanet Catalog.