Brief
This report covers the 29th week of the year spanning Friday, July 14th, through Friday, July 21st, 2023.
- The National Debt has increased 1.11 Trillion since the National Debt ceiling was suspended on June 1st, 2023
- S&P500 Financials sector flips positive YTD this week
- S&P500 Health Care sector flips positive YTD this week
- S&P500 Information Technology is the best performing sector YTD up 43.9%
- Solana (SOL) is the best performing major crypto YTD up 157.1%
Economic Reports
Monday July 17th
- Empire State Manufacturing for July was 1.1, more than the expected -8.0 but less than last month’s 6.6
Tuesday July 18th
- Retail Sales for June increased 0.2%, less than the expected increase of 0.5% and less than last month’s increase of 0.5%
- Retail Sales ex-auto for June increased 0.2%, less than the expected increase of 0.3% and less than last month’s increase of 0.3%
- Industrial Production for June decreased 0.5%, less than the expected decrease of .0% and less than last month’s decrease of 0.5%
- Capacity Utilization for June was 78.9%, less than the expected 79.5% and less than last month’s 79.4%
- Business Inventories for May increased 0.2% matching expectations and more than last month’s increase of 0.1%
- NAHB Housing Market Index for July was 56.0, less than the expected 56.0 and more than last month’s 55.0
Wednesday July 19th
- Housing Starts for June decreased 8.0% month-over-month to a seasonally adjusted rate of 1.434 million
- Building Permits for June decreased 3.7% month-over-month to a seasonally adjusted rate of 1.440 million
Thursday July 20th
- Initial Jobless Claims for last week decreased by 9,000 to 228,000 new claims, less than the expected 247,000
- Continuing Jobless Claims increased by 33,000 to 1.754 million
- Existing Home Sales for June decreased 3.3% month-over-month to a seasonally adjusted rate of 4.16M, less than the expected rate of 4.25M and less than last month’s rate of 4.30M
Friday July 21st
- No notable economic reports
Next Week’s Major Reports
- Consumer Confidence – Tuesday, July 25th
- New Home Sales – Wednesday, July 26th
- GDP Advanced – Thursday, July 27th
- Personal Income – Friday, July 28th
- Personal Spending – Friday, July 28th
- PCE Prices – Friday, July 28th
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 0.72% this week. S&P500 Energy posted the largest gain this week, up 3.53% followed closely by Health Care up 3.46%.
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| DJIA | 35,227.69 | 718.66 | 2.08% | 34,418.72 | 35,372.77 | 6.28% | ||
| Nasdaq | 14,032.81 | -80.89 | -0.57% | 14,020.45 | 14,446.55 | 34.07% | ||
| S&P 500 | 4,536.34 | 30.92 | 0.69% | 4,504.90 | 4,578.43 | 18.15% | ||
| Wilshire 5000 | 44,983.01 | 323.37 | 0.72% | 44,871.22 | 45,327.77 | 18.15% |
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Communication Services | 215.92 | -6.71 | -3.01% | 215.92 | 222.54 | 35.48% | ||
| Consumer Discretionary | 1,338.83 | -31.27 | -2.28% | 1,338.34 | 1,385.45 | 33.15% | ||
| Consumer Staples | 792.31 | 12.79 | 1.64% | 776.21 | 792.31 | 1.69% | ||
| Energy | 645.00 | 21.98 | 3.53% | 622.26 | 645.00 | -4.07% | ||
| Financials | 586.32 | 16.83 | 2.96% | 575.21 | 588.34 | 2.91% | ||
| Health Care | 1,587.77 | 53.08 | 3.46% | 1,528.05 | 1,587.77 | 0.14% | ||
| Industrials | 926.65 | 8.12 | 0.88% | 922.40 | 930.92 | 11.46% | ||
| Information Technology | 3,123.42 | -2.36 | -0.08% | 3,123.42 | 3,207.29 | 43.79% | ||
| Materials | 527.18 | 3.03 | 0.58% | 524.56 | 528.63 | 7.69% | ||
| Real Estate | 242.17 | -1.23 | -0.51% | 239.40 | 242.17 | 4.22% | ||
| Utilities | 347.80 | 8.14 | 2.40% | 333.05 | 347.80 | -2.98% |
Global Stocks
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| UK FTSE 100 | 7,663.73 | 229.16 | 3.08% | 7,395.67 | 7,674.23 | 2.84% | ||
| France CAC 40 | 7,432.77 | 58.23 | 0.79% | 7,268.73 | 7,433.31 | 14.81% | ||
| Spain IBEX 35 | 9,571.50 | 133.20 | 1.41% | 9,388.90 | 9,571.50 | 16.31% | ||
| Germany DAX 40 | 16,177.22 | 72.15 | 0.45% | 15,995.45 | 16,240.79 | 16.19% | ||
| India BSE Sensex | 66,684.26 | 623.36 | 0.94% | 66,015.63 | 67,619.17 | 9.60% | ||
| China Shanghai Comp | 3,167.75 | -69.95 | -2.16% | 3,157.33 | 3,219.02 | 2.54% | ||
| HK Hang Seng 50 | 19,075.26 | -338.52 | -1.74% | 18,711.03 | 19,413.78 | -3.57% | ||
| Japan Nikkei 225 | 32,304.25 | -87.01 | -0.27% | 32,080.95 | 32,896.03 | 23.80% | ||
| Australia ASX 200 | 7,313.90 | 10.80 | 0.15% | 7,261.10 | 7,383.30 | 3.91% |
Currencies
| Currency | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| CAD Canadian Dollar | 1.3223 | 0.0004 | 0.03% | 1.3120 | 1.3246 | -2.44% | ||
| MXN Mexican Peso | 16.9891 | 0.2363 | 1.41% | 16.6930 | 17.0478 | -12.82% | ||
| COP Colombian Peso | 3,963.75 | -116.25 | -2.85% | 3,947.75 | 4,100.41 | -18.25% | ||
| BRL Brazilian Real | 4.7807 | -0.0110 | -0.23% | 4.7613 | 4.8500 | -9.54% | ||
| GBP British Pound Sterling | 0.7779 | 0.0141 | 1.85% | 0.7618 | 0.7803 | -5.89% | ||
| EUR Euro | 0.8988 | 0.0083 | 0.93% | 0.8868 | 0.9002 | -3.81% | ||
| CHF Swiss Franc | 0.8646 | 0.0032 | 0.37% | 0.8556 | 0.8685 | -6.54% | ||
| CZK Czech Koruna | 21.5957 | 0.4252 | 2.01% | 21.0650 | 21.6640 | -4.31% | ||
| NOK Norwegian Krone | 10.0771 | 0.0278 | 0.28% | 9.9251 | 10.1205 | 2.73% | ||
| SEK Swedish Krona | 10.3956 | 0.1489 | 1.45% | 10.1701 | 10.4171 | -0.40% | ||
| RUB Russian Ruble | 91.00 | 0.75 | 0.83% | 89.36 | 91.95 | 23.39% | ||
| SAR Saudi Riyal | 3.7512 | -0.0003 | -0.01% | 3.7481 | 3.7554 | -0.18% | ||
| AED UAE Dirham | 3.6729 | -0.0002 | -0.01% | 3.6727 | 3.6733 | 0.01% | ||
| INR Indian Rupee | 82.00 | -0.14 | -0.17% | 81.92 | 82.20 | -0.91% | ||
| THB Thai Baht | 34.52 | -0.12 | -0.35% | 33.75 | 34.77 | -0.29% | ||
| SGD Singapore Dollar | 1.3304 | 0.0091 | 0.69% | 1.3176 | 1.3312 | -0.78% | ||
| MYR Malaysian Ringgit | 4.5615 | 0.0355 | 0.78% | 4.5260 | 4.5636 | 3.55% | ||
| CNH Chinese Yuan | 7.1877 | 0.0292 | 0.41% | 7.1484 | 7.2369 | 3.85% | ||
| HKD Hong Kong Dollar | 7.8198 | 0.0051 | 0.07% | 7.8034 | 7.8212 | 0.17% | ||
| KRW South Korean Won | 1,286.64 | 17.34 | 1.37% | 1,257.24 | 1,290.60 | 1.96% | ||
| JPY Japanese Yen | 141.81 | 3.16 | 2.28% | 137.70 | 141.97 | 8.15% | ||
| AUD Australian Dollar | 1.4850 | 0.0222 | 1.52% | 1.4590 | 1.4879 | 1.35% | ||
| NZD New Zealand Dollar | 1.6213 | 0.0512 | 3.26% | 1.5699 | 1.6226 | 2.95% |
* Rates are quoted as the amount of local currency to buy 1 US Dollar.
Commodities
- Average US Regular Gas Price – increased 1.3 cents or 0.37% this week to $3.559 a gallon. See more about US Regular Gas Prices.
- EIA Crude Oil Inventories – decreased by 0.71M barrels last week compared to prior week increase of 5.95M
- EIA Natural Gas Inventories – increased 41 bcf last week compared to prior week increase of 49 bcf (billion cubic feet)
| Commodity | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Gold | 1,966.60 | 2.20 | 0.11% | 1,949.00 | 1,989.80 | 7.69% | ||
| Silver | 24.86 | -0.34 | -1.35% | 24.77 | 25.48 | 3.39% | ||
| Platinum | 972.20 | -12.10 | -1.23% | 960.40 | 1,003.70 | -10.22% | ||
| Palladium | 1,286.50 | 20.10 | 1.59% | 1,248.00 | 1,324.50 | -28.45% | ||
| Crude Oil | 77.07 | 1.65 | 2.19% | 73.84 | 77.29 | -3.97% | ||
| Natural Gas | 2.7070 | 0.1770 | 7.00% | 2.4770 | 2.7590 | -34.04% | ||
| Lumber | 546.50 | -33.00 | -5.69% | 541.50 | 593.00 | 46.24% | ||
| Steel (HRC) | 849.00 | -111.00 | -11.56% | 835.00 | 972.00 | 14.11% | ||
| Copper | 3.8180 | -0.1150 | -2.92% | 3.7810 | 3.9280 | 0.20% | ||
| Corn | 5.3625 | 0.2250 | 4.38% | 5.0200 | 5.6375 | -20.97% | ||
| Wheat | 6.9750 | 0.3600 | 5.44% | 6.4225 | 7.5075 | -11.93% | ||
| Soybeans | 14.0175 | 0.3100 | 2.26% | 13.6825 | 14.2875 | -8.02% | ||
| Coffee | 1.6185 | 0.0105 | 0.65% | 1.5505 | 1.6210 | -3.26% | ||
| Cattle | 1.8003 | -0.0015 | -0.08% | 1.7933 | 1.8298 | 14.01% | ||
| Lean Hogs | 0.8425 | -0.1195 | -12.42% | 0.8208 | 0.9833 | -3.93% |
Interest Rates
- Federal Funds Effective Rate – has remained the same this week at 5.08% 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 – decreased this week to 6.78% from 6.96% last week. Learn more about 30 year mortgage rates.
- MBA Mortgage Applications Index – increased by 1.1% this week compared to the prior week increase of 0.9%
| Maturity | Week Close | Week Change | Low | Week Range | High | |
|---|---|---|---|---|---|---|
| US 1 Month | 5.332% | 0.079% | 5.253% | 5.353% | ||
| US 3 Month | 5.417% | 0.021% | 5.364% | 5.435% | ||
| US 1 Year | 5.341% | 0.017% | 5.256% | 5.357% | ||
| US 5 Year | 4.098% | 0.051% | 3.919% | 4.130% | ||
| US 10 Year | 3.841% | 0.009% | 3.733% | 3.877% | ||
| US 30 Year | 3.904% | -0.025% | 3.833% | 3.949% |
Cryptocurrencies
- Total Crypto Market Cap – decreased 0.67% or 8.09B this week to 1,205B
| Rank* | Crypto | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BTC | 29,907.92 | -397.73 | -1.31% | 29,666.01 | 30,428.06 | 80.74% | ||
| 2 | ETH | 1,886.53 | -48.73 | -2.52% | 1,879.57 | 1,942.18 | 57.63% | ||
| 3 | XRP | 0.7738 | 0.0553 | 7.70% | 0.6979 | 0.8482 | 127.66% | ||
| 4 | BNB | 243.79 | -4.10 | -1.66% | 238.92 | 252.27 | -1.04% | ||
| 5 | ADA | 0.3129 | -0.0157 | -4.76% | 0.3021 | 0.3369 | 26.92% | ||
| 6 | SOL | 25.60 | -1.15 | -4.31% | 24.89 | 29.03 | 157.06% | ||
| 7 | DOGE | 0.0733 | 0.0048 | 7.07% | 0.0677 | 0.0763 | 4.26% | ||
| 8 | TRX | 0.0811 | 0.0014 | 1.70% | 0.0787 | 0.0821 | 48.75% | ||
| 9 | LTC | 94.07 | -1.02 | -1.08% | 90.23 | 95.65 | 34.39% | ||
| 10 | MATIC | 0.7707 | -0.0382 | -4.72% | 0.7324 | 0.8227 | 1.60% |
* Rank is based on market cap of non-stablecoins.
Other Fascinating Stats
The US National Debt increased 51.52 billion (Wednesday July 12th to Wednesday July 19th), to a total debt of $32,569,914,975,378.20 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 131 from 146 last week, the sun has had 0 spotless days in 2023. See more about Sunspots and space weather.
NASA has cataloged 0 new exoplanets this week, the total has remained the same at 5,470 confirmed and catalogued Exoplanets across 4,207 confirmed Planetary Systems. 229 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.