Brief
This report covers the 26th week of the year spanning Friday, June 23rd, through Friday, June 30th, 2023.
- The National Debt has increased 782.54 Billion since the National Debt ceiling was suspended on June 1st, 2023
- Bitcoin is the best performing asset of 2023 up 84.1% YTD
- NASA confirmed and cataloged 18 new exoplanets
- S&P500 Real Estate sector flipped back to positive for YTD performance
Economic Reports
Monday June 26th
- No notable economic reports
Tuesday June 27th
- Durable Orders for May increased 1.7%, more than the expected decrease of 1.0% and more than last month’s increase of 1.2%
- S&P Case-Shiller Home Price Index for April decreased 1.7%, more than the expected decrease of 2.5% and less than last month’s decrease of 1.1%
- Consumer Confidence for June was 109.7, more than the expected 103.8 and more than last month’s 102.5
- New Home Sales for May increased 12.2% to an annually adjusted rate of 763K, more than the expected rate of only of 665K and more than last month’s rate of of 680K
Wednesday June 28th
- No notable economic reports
Thursday June 29th
- Initial Jobless Claims for last week decreased by 26,000 to 239,000 new claims, less than the expected 266,000
- Continuing Jobless Claims decreased by 19,000 to 1.742 million
- GDP – Third Estimate for Q1 increased 2.0%, more than the expected increase of 1.3% and more than last quarter’s increase of 1.3%
- GDP Deflator – Third Estimate for Q1 increased 4.1%, less than the expected increase of 4.2% and less than last quarter’s increase of 4.2%
- Pending Home Sales for May decreased 2.7%, less than the expected decrease of 0.8% and less than last month’s decrease of 0.4%
Friday June 30th
- Personal Income for May increased 0.4%, less than the expected increase of 0.4% but more than last month’s increase of 0.3%
- Personal Spending for May increased 0.1%, less than the expected increase of 0.3% and less than last month’s increase of 0.6%
- PCE Prices for May increased 0.1%, less than the expected increase of 0.1% and less than last month’s increase of 0.4%
- PCE Prices – Core for May increased 0.3%, meeting expectations but less than last month’s increase of 0.4%
- Chicago PMI for June was 41.5, more than last month’s 40.4
- Univ. of Michigan Consumer Sentiment – Final for June was 64.4, more than the expected 63.9 and more than last month’s 63.9
Next Week’s Major Reports
- ISM Manufacturing Index – Monday, July 3rd
- ADP Employment Change – Wednesday, July 5th
- ISM Non-Manufacturing Index – Thursday, July 6th
- JOLTS Job Openings – Thursday, July 6th
- Nonfarm Payrolls – Friday, July 7th
- Unemployment Rate – Friday, July 7th
See more Economic News at Briefing.com or learn about each economic report on our education page
US Stocks
US stocks were up an average of 2.56% this week. Real Estate gained the most this week posting a 5.00% gain followed closely by Energy which was up 4.77%.
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| DJIA | 34,407.60 | 680.17 | 2.02% | 33,610.32 | 34,467.35 | 3.80% | ||
| Nasdaq | 13,787.92 | 295.40 | 2.19% | 13,334.42 | 13,816.68 | 31.73% | ||
| S&P 500 | 4,450.38 | 102.05 | 2.35% | 4,328.08 | 4,458.48 | 15.91% | ||
| Wilshire 5000 | 44,006.70 | 1,100.44 | 2.56% | 42,748.19 | 44,006.70 | 15.58% |
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Communication Services | 216.08 | 0.80 | 0.37% | 211.23 | 216.08 | 35.58% | ||
| Consumer Discretionary | 1,330.54 | 32.14 | 2.48% | 1,282.20 | 1,330.54 | 32.33% | ||
| Consumer Staples | 778.82 | 4.30 | 0.56% | 771.64 | 778.82 | -0.04% | ||
| Energy | 623.56 | 28.39 | 4.77% | 605.37 | 623.56 | -7.26% | ||
| Financials | 561.11 | 15.96 | 2.93% | 544.08 | 561.11 | -1.51% | ||
| Health Care | 1,548.62 | 8.70 | 0.56% | 1,522.26 | 1,548.62 | -2.33% | ||
| Industrials | 908.09 | 33.84 | 3.87% | 881.18 | 908.09 | 9.22% | ||
| Information Technology | 3,085.84 | 87.74 | 2.93% | 2,967.11 | 3,085.84 | 42.06% | ||
| Materials | 521.93 | 19.89 | 3.96% | 507.06 | 521.93 | 6.61% | ||
| Real Estate | 236.67 | 11.26 | 5.00% | 230.40 | 236.67 | 1.85% | ||
| Utilities | 332.80 | 2.29 | 0.69% | 328.80 | 333.89 | -7.16% |
Global Stocks
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| UK FTSE 100 | 7,531.53 | 69.66 | 0.93% | 7,401.18 | 7,551.59 | 1.07% | ||
| France CAC 40 | 7,400.06 | 236.64 | 3.30% | 7,105.72 | 7,419.36 | 14.31% | ||
| Spain IBEX 35 | 9,593.00 | 327.20 | 3.53% | 9,198.70 | 9,642.30 | 16.57% | ||
| Germany DAX 40 | 16,147.90 | 317.96 | 2.01% | 15,713.70 | 16,176.55 | 15.98% | ||
| India BSE Sensex | 64,718.56 | 1,739.19 | 2.76% | 62,853.67 | 64,768.58 | 6.37% | ||
| China Shanghai Comp | 3,202.06 | 4.16 | 0.13% | 3,144.25 | 3,212.99 | 3.65% | ||
| HK Hang Seng 50 | 18,916.43 | 26.46 | 0.14% | 18,767.15 | 19,226.32 | -4.37% | ||
| Japan Nikkei 225 | 33,189.04 | 407.50 | 1.24% | 32,306.99 | 33,527.98 | 27.19% | ||
| Australia ASX 200 | 7,203.30 | 104.10 | 1.47% | 7,054.80 | 7,223.20 | 2.34% |
Currencies
| Currency | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| CAD Canadian Dollar | 1.3247 | 0.0063 | 0.48% | 1.3117 | 1.3288 | -2.27% | ||
| MXN Mexican Peso | 17.1241 | -0.0525 | -0.31% | 17.0452 | 17.1776 | -12.13% | ||
| COP Colombian Peso | 4,168.00 | 23.45 | 0.57% | 4,087.36 | 4,205.01 | -14.04% | ||
| BRL Brazilian Real | 4.7876 | 0.0005 | 0.01% | 4.7512 | 4.8740 | -9.41% | ||
| GBP British Pound Sterling | 0.7874 | 0.0009 | 0.11% | 0.7836 | 0.7943 | -4.74% | ||
| EUR Euro | 0.9166 | -0.0014 | -0.15% | 0.9109 | 0.9229 | -1.90% | ||
| CHF Swiss Franc | 0.8957 | -0.0012 | -0.13% | 0.8912 | 0.9019 | -3.18% | ||
| CZK Czech Koruna | 21.7756 | 0.0541 | 0.25% | 21.4830 | 21.9285 | -3.51% | ||
| NOK Norwegian Krone | 10.7582 | -0.0674 | -0.62% | 10.6588 | 10.8638 | 9.68% | ||
| SEK Swedish Krona | 10.7876 | 0.0726 | 0.68% | 10.6700 | 10.9104 | 3.36% | ||
| RUB Russian Ruble | 88.83 | 5.18 | 6.19% | 83.60 | 89.80 | 20.45% | ||
| SAR Saudi Riyal | 3.7510 | 0.0001 | 0.00% | 3.7485 | 3.7537 | -0.19% | ||
| AED UAE Dirham | 3.6730 | 0.0001 | 0.00% | 3.6726 | 3.6733 | 0.01% | ||
| INR Indian Rupee | 82.10 | 0.14 | 0.17% | 81.94 | 82.23 | -0.79% | ||
| THB Thai Baht | 35.28 | 0.04 | 0.11% | 35.12 | 35.74 | 1.91% | ||
| SGD Singapore Dollar | 1.3524 | 0.0021 | 0.16% | 1.3464 | 1.3575 | 0.86% | ||
| MYR Malaysian Ringgit | 4.6675 | -0.0090 | -0.19% | 4.6570 | 4.6906 | 5.96% | ||
| CNH Chinese Yuan | 7.2676 | 0.0567 | 0.79% | 7.2034 | 7.2856 | 5.00% | ||
| HKD Hong Kong Dollar | 7.8367 | 0.0064 | 0.08% | 7.8263 | 7.8409 | 0.39% | ||
| KRW South Korean Won | 1,316.30 | 7.49 | 0.57% | 1,295.24 | 1,324.40 | 4.31% | ||
| JPY Japanese Yen | 144.32 | 0.59 | 0.41% | 142.95 | 145.07 | 10.07% | ||
| AUD Australian Dollar | 1.5011 | 0.0036 | 0.24% | 1.4877 | 1.5165 | 2.45% | ||
| NZD New Zealand Dollar | 1.6297 | 0.0029 | 0.18% | 1.6126 | 1.6504 | 3.49% |
* Rates are quoted as the amount of local currency to buy 1 US Dollar.
Commodities
- Average US Regular Gas Price – decreased 0.6 cents or -0.17% this week to $3.571 a gallon. See more about US Regular Gas Prices.
- EIA Crude Oil Inventories – decreased by 9.60M barrels last week compared to prior week decrease of 3.83M
- EIA Natural Gas Inventories – increased 76 bcf last week compared to prior week increase of 95 bcf (billion cubic feet)
| Commodity | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Gold | 1,929.40 | -0.20 | -0.01% | 1,900.60 | 1,943.40 | 5.65% | ||
| Silver | 23.02 | 0.67 | 2.98% | 22.44 | 23.15 | -4.24% | ||
| Platinum | 913.20 | -10.50 | -1.14% | 894.20 | 939.60 | -15.67% | ||
| Palladium | 1,222.00 | -57.00 | -4.46% | 1,204.50 | 1,346.00 | -32.04% | ||
| Crude Oil | 70.64 | 1.48 | 2.14% | 67.05 | 71.04 | -11.99% | ||
| Natural Gas | 2.7740 | 0.0450 | 1.65% | 2.5930 | 2.8390 | -32.41% | ||
| Lumber | 531.00 | -28.50 | -5.09% | 528.50 | 564.00 | 42.09% | ||
| Steel (HRC) | 918.00 | -11.00 | -1.18% | 894.00 | 949.00 | 23.39% | ||
| Copper | 3.7595 | -0.0440 | -1.16% | 3.6830 | 3.8465 | -1.34% | ||
| Corn | 4.9475 | -0.9325 | -15.86% | 4.9300 | 6.0075 | -27.08% | ||
| Wheat | 6.5100 | -0.9550 | -12.79% | 6.4600 | 7.7025 | -17.80% | ||
| Soybeans | 13.4325 | 0.3325 | 2.54% | 12.5675 | 13.5175 | -11.86% | ||
| Coffee | 1.5900 | -0.0585 | -3.55% | 1.5775 | 1.6790 | -4.96% | ||
| Cattle | 1.7718 | 0.0640 | 3.75% | 1.6968 | 1.7725 | 12.21% | ||
| Lean Hogs | 0.9260 | 0.0293 | 3.26% | 0.8833 | 0.9315 | 5.59% |
Interest Rates
- Federal Funds Effective Rate – remained the same this week at 5.07% with the target rate between 5.00-5.25% since the May 3rd, 2023 increase of 25 basis points. See more about the Federal Funds Rate.
- 30 Year Average US Mortgage Rates – increased this week to 6.71% from 6.67% 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 0.5%
| Maturity | Week Close | Week Change | Low | Week Range | High | |
|---|---|---|---|---|---|---|
| US 1 Month | 5.137% | 0.074% | 5.044% | 5.194% | ||
| US 3 Month | 5.315% | 0.013% | 5.243% | 5.362% | ||
| US 1 Year | 5.417% | 0.166% | 5.235% | 5.433% | ||
| US 5 Year | 4.152% | 0.159% | 3.927% | 4.200% | ||
| US 10 Year | 3.844% | 0.102% | 3.680% | 3.890% | ||
| US 30 Year | 3.863% | 0.048% | 3.765% | 3.936% |
Cryptocurrencies
- Total Crypto Market Cap – decreased 0.22% or 2.6B this week to 1,191B
| Rank* | Crypto | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BTC | 30,492.03 | 588.47 | 1.97% | 29,868.71 | 31,207.96 | 84.27% | ||
| 2 | ETH | 1,932.69 | 65.95 | 3.53% | 1,828.82 | 1,970.12 | 61.49% | ||
| 3 | BNB | 240.52 | -1.02 | -0.42% | 226.95 | 250.31 | -2.37% | ||
| 4 | XRP | 0.4746 | -0.0203 | -4.10% | 0.4560 | 0.5074 | 39.63% | ||
| 5 | ADA | 0.2868 | -0.0032 | -1.09% | 0.2647 | 0.3044 | 16.34% | ||
| 6 | DOGE | 0.0664 | 0.0008 | 1.21% | 0.0614 | 0.0692 | -5.50% | ||
| 7 | SOL | 18.98 | 2.04 | 12.01% | 15.86 | 19.91 | 90.60% | ||
| 8 | LTC | 108.07 | 21.96 | 25.51% | 82.38 | 110.49 | 54.39% | ||
| 9 | TRX | 0.0762 | 0.0046 | 6.37% | 0.0719 | 0.0774 | 39.77% | ||
| 10 | MATIC | 0.6610 | 0.0046 | 0.70% | 0.6116 | 0.6872 | -12.86% |
* Rank is based on market cap of non-stablecoins.
Other Fascinating Stats
The US National Debt increased 151.25 billion (Wednesday June 21st to Wednesday June 28th), to a total debt of $32,246,996,999,971.79 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.
The number of solar Sunspots (magnetic storms on the surface of the sun facing Earth) has decreased this week to 112 from 176 last week, the sun has had 0 spotless days in 2023. See more about Sunspots and space weather.
NASA has cataloged 18 new exoplanets this week, the total is now 5,463 confirmed and catalogued Exoplanets across 4,205 confirmed Planetary Systems. 222 Exoplanets have been confirmed this year so far and there are 9,719 Exoplanet Candidates being evaluated for confirmation. Learn about all of the Exoplanets from NASA’s Exoplanet Catalog.