Brief
This report covers the 15th week of the year spanning Friday, April 14th, through Friday, April 21st, 2023.
- Bitcoin lost $3,200 or -10.53% to close the week at 27,276
- Solana (SOL) is the top performing asset up 113.7% YTD
- S&P500 Real Estate Sector flipped positive YTD
- The US National Debt reported by the Treasury department shows the debt has been higher than the approved congressional limit for over 12 weeks
Economic Reports
Monday Apr 17th
- Empire State Manufacturing for April was 10.8, more than the expected -19.0 and more than last month’s -24.6
- NAHB Housing Market Index for April was 45, less than the expected 45 and more than last month’s 44
Tuesday Apr 18th
- Housing Starts for March was 1420K, more than the expected 1407K and less than last month’s 1432K
- Building Permits for March was 1413K, less than the expected 1458K and less than last month’s 1550K
Wednesday Apr 19th
- CPI for March increased 0.1%, less than the expected increase of 0.3% and less than last month’s increase of 0.4%
- Core CPI for March increased 0.4%, less than the expected increase of 0.4% and less than last month’s increase of 0.5%
Thursday Apr 20th
- Initial Jobless Claims for last week increased by 5,000 to 245,000 new claims, more than the expected 242,000
- Continuing Jobless Claims increased by 61,000 to 1.865 million
- Existing Home Sales for March increased 4.44M, less than the expected increase of 4.50M and less than last month’s increase of 4.55M
- Leading Indicators for March decreased 1.2%, less than the expected decrease of 0.4% and less than last month’s decrease of 0.5%
Friday Apr 21st
- No major economic reports
Next Week’s Major Reports
- New Home Sales – Tuesday April 25th
- Durable Orders – Wednesday April 26th
- Advanced GDP– Thursday April 27th
- Personal Income – Friday April 28th
- Personal Spending – Friday April 29th
- PCE Prices – Friday April 29th
See more Economic News at Briefing.com or learn about each economic report on our education page
US Stocks
US stocks were slightly down across the board this week with the Wilshire Total Market index loosing 0.06%. The Communications Services Sector lost the most this week, down 3.05% followed closely by the Energy sector down 2.54%.
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| DJIA | 33,808.96 | -77.51 | -0.23% | 33,677.74 | 34,018.62 | 2.00% | ||
| Nasdaq | 12,072.46 | -51.01 | -0.42% | 11,986.82 | 12,245.43 | 15.34% | ||
| S&P 500 | 4,133.52 | -4.12 | -0.10% | 4,113.86 | 4,169.48 | 7.66% | ||
| Wilshire 5000 | 40,846.72 | -23.53 | -0.06% | 40,808.88 | 41,064.58 | 7.28% |
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Communication Services | 191.16 | -6.02 | -3.05% | 190.55 | 194.68 | 19.95% | ||
| Consumer Discretionary | 1,150.47 | 6.07 | 0.53% | 1,136.78 | 1,153.85 | 14.42% | ||
| Consumer Staples | 798.68 | 13.21 | 1.68% | 790.10 | 798.68 | 2.51% | ||
| Energy | 653.30 | -17.02 | -2.54% | 653.30 | 664.75 | -2.83% | ||
| Financials | 552.37 | 5.36 | 0.98% | 552.37 | 556.33 | -3.05% | ||
| Health Care | 1,564.68 | -3.70 | -0.24% | 1,554.15 | 1,566.76 | -1.32% | ||
| Industrials | 851.44 | 6.37 | 0.75% | 851.44 | 855.69 | 2.41% | ||
| Information Technology | 2,587.05 | -12.07 | -0.46% | 2,587.05 | 2,619.95 | 19.10% | ||
| Materials | 508.05 | -1.60 | -0.31% | 508.05 | 514.68 | 3.78% | ||
| Real Estate | 233.24 | 3.65 | 1.59% | 232.84 | 235.64 | 0.37% | ||
| Utilities | 353.78 | 3.81 | 1.09% | 350.17 | 353.78 | -1.31% |
Global Stocks
Stocks around the globe were mixed this week with European indices gaining a little more than a half percent while Asia dropped.
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| UK FTSE 100 | 7,914.13 | 42.22 | 0.54% | 7,871.43 | 7,936.11 | 6.21% | ||
| France CAC 40 | 7,577.00 | 57.39 | 0.76% | 7,498.07 | 7,577.00 | 17.04% | ||
| Spain IBEX 35 | 9,415.60 | 52.70 | 0.56% | 9,361.00 | 9,540.50 | 14.42% | ||
| Germany DAX 40 | 15,881.66 | 74.16 | 0.47% | 15,706.83 | 15,916.28 | 14.06% | ||
| India BSE Sensex | 59,655.06 | -775.94 | -1.28% | 59,412.81 | 60,407.86 | -1.95% | ||
| China Shanghai Comp | 3,301.26 | -36.89 | -1.11% | 3,301.26 | 3,396.17 | 6.86% | ||
| HK Hang Seng 50 | 20,075.73 | -363.08 | -1.78% | 19,974.91 | 20,864.74 | 1.49% | ||
| Japan Nikkei 225 | 28,564.37 | 70.90 | 0.25% | 28,414.98 | 28,778.37 | 9.47% | ||
| Australia ASX 200 | 7,330.40 | -31.20 | -0.42% | 7,314.90 | 7,391.20 | 4.14% |
Currencies
The US Dollar (USD) was mostly flat this week against thew major currencies.
| Currency | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| CAD Canadian Dollar | 1.3536 | 0.0172 | 1.29% | 1.3343 | 1.3565 | -0.13% | ||
| MXN Mexican Peso | 17.9952 | -0.0220 | -0.12% | 17.9260 | 18.1557 | -7.66% | ||
| COP Colombian Peso | 4,515.69 | 92.55 | 2.09% | 4,402.52 | 4,559.40 | -6.87% | ||
| BRL Brazilian Real | 5.0496 | 0.1416 | 2.89% | 4.8989 | 5.0889 | -4.45% | ||
| GBP British Pound Sterling | 0.8040 | -0.0015 | -0.19% | 0.8017 | 0.8096 | -2.73% | ||
| EUR Euro | 0.9099 | 0.0002 | 0.02% | 0.9007 | 0.9167 | -2.62% | ||
| CHF Swiss Franc | 0.8925 | -0.0012 | -0.13% | 0.8905 | 0.9004 | -3.52% | ||
| CZK Czech Koruna | 21.3933 | 0.1782 | 0.84% | 21.1864 | 21.5371 | -5.21% | ||
| NOK Norwegian Krone | 10.5741 | 0.1870 | 1.80% | 10.3414 | 10.6806 | 7.80% | ||
| SEK Swedish Krona | 10.2905 | -0.0360 | -0.35% | 10.2445 | 10.3768 | -1.41% | ||
| RUB Russian Ruble | 81.45 | -0.83 | -1.01% | 80.97 | 82.61 | 10.44% | ||
| SAR Saudi Riyal | 3.7511 | -0.0001 | 0.00% | 3.7511 | 3.7511 | -0.19% | ||
| AED UAE Dirham | 3.6723 | 0.0000 | 0.00% | 3.6723 | 3.6723 | -0.01% | ||
| INR Indian Rupee | 82.05 | 0.20 | 0.24% | 81.85 | 82.42 | -0.85% | ||
| THB Thai Baht | 34.43 | 0.16 | 0.47% | 34.08 | 34.54 | -0.55% | ||
| SGD Singapore Dollar | 1.3339 | 0.0035 | 0.26% | 1.3288 | 1.3380 | -0.52% | ||
| MYR Malaysian Ringgit | 4.4380 | 0.0360 | 0.82% | 4.4020 | 4.4450 | 0.75% | ||
| CNH Chinese Yuan | 6.8961 | 0.0245 | 0.36% | 6.8645 | 6.9105 | -0.37% | ||
| HKD Hong Kong Dollar | 7.8469 | -0.0031 | -0.04% | 7.8444 | 7.8500 | 0.52% | ||
| KRW South Korean Won | 1,329.34 | 24.97 | 1.91% | 1,303.80 | 1,336.20 | 5.34% | ||
| JPY Japanese Yen | 134.14 | 0.35 | 0.26% | 133.55 | 135.14 | 2.30% | ||
| AUD Australian Dollar | 1.4945 | 0.0035 | 0.23% | 1.4767 | 1.4979 | 2.00% | ||
| NZD New Zealand Dollar | 1.6287 | 0.0179 | 1.11% | 1.6059 | 1.6324 | 3.42% |
* Rates are quoted as the amount of local currency to buy 1 US Dollar.
Commodities
- Average US Regular Gas Price – increased 6.7 cents or 1.86% this week to $3.663 a gallon. See more about US Regular Gas Prices.
- EIA Crude Oil Inventories – decreased by 4.58M barrels last week compared to prior week increase of 0.59M
- EIA Natural Gas Inventories – increased 75 bcf last week compared to prior week increase of 25 bcf (billion cubic feet)
| Commodity | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Gold | 1,990.50 | -25.30 | -1.26% | 1,980.90 | 2,028.00 | 9.00% | ||
| Silver | 25.06 | -0.40 | -1.58% | 24.72 | 25.71 | 4.23% | ||
| Platinum | 1,138.70 | 84.70 | 8.04% | 1,050.20 | 1,148.90 | 5.15% | ||
| Palladium | 1,607.40 | 111.10 | 7.42% | 1,483.50 | 1,649.00 | -10.60% | ||
| Crude Oil | 77.87 | -4.65 | -5.63% | 76.72 | 82.71 | -2.98% | ||
| Natural Gas | 2.2330 | 0.1190 | 5.63% | 2.1400 | 2.3850 | -45.59% | ||
| Lumber | 398.10 | -21.20 | -5.06% | 390.00 | 439.80 | 6.53% | ||
| Steel (HRC) | 1,092.00 | -25.00 | -2.24% | 1,080.00 | 1,125.00 | 46.77% | ||
| Copper | 3.9800 | -0.1265 | -3.08% | 3.9735 | 4.1330 | 4.45% | ||
| Corn | 6.1525 | -0.2050 | -3.22% | 6.1100 | 6.4750 | -9.32% | ||
| Wheat | 6.7300 | -0.0950 | -1.39% | 6.6900 | 7.1725 | -15.03% | ||
| Soybeans | 14.4900 | -0.5150 | -3.43% | 14.4425 | 15.1900 | -4.92% | ||
| Coffee | 1.9145 | -0.0005 | -0.03% | 1.9010 | 2.0490 | 14.44% | ||
| Cattle | 1.6453 | 0.0080 | 0.49% | 1.6235 | 1.6593 | 4.20% | ||
| Lean Hogs | 0.8608 | -0.0080 | -0.92% | 0.8463 | 0.8878 | -1.85% |
Interest Rates
- Federal Funds Effective Rate – remained the same this week at 4.83% with the target rate between 4.75-5.00% since the March 22nd, 2023 increase of 25 basis points. See more about the Federal Funds Rate.
- 30 Year Average US Mortgage Rates – increased this week to 6.39% from 6.27% last week. Learn more about 30 year mortgage rates.
- MBA Mortgage Applications Index – decreased by 8.8% this week compared to the prior week increase of 5.3%
| Maturity | Week Close | Week Change | Low | Week Range | High | |
|---|---|---|---|---|---|---|
| US 1 Month | 3.314% | -0.714% | 3.145% | 4.158% | ||
| US 3 Month | 5.074% | 0.013% | 5.032% | 5.190% | ||
| US 1 Year | 4.763% | -0.084% | 4.719% | 4.918% | ||
| US 5 Year | 3.665% | 0.054% | 3.579% | 3.759% | ||
| US 10 Year | 3.577% | 0.057% | 3.507% | 3.639% | ||
| US 30 Year | 3.782% | 0.042% | 3.723% | 3.835% |
Cryptocurrencies
- Total Crypto Market Cap – decreased 9.46% or -120.3B this week to 1,150.9B
- Bitcoin Supply – 6,418 more Bitcoin have been mined this week, the total supply is now 19,352,756 out of the max supply of 21M. The max supply is 92.16% mined.
| Rank* | Crypto | Week Close | Week Change | Change % | % of Market** | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BTC | 27,276.91 | -3,208.79 | -10.53% | 45.87% | 27,177.37 | 30,601.74 | 64.84% | ||
| 2 | ETH | 1,850.00 | -251.64 | -11.97% | 19.36% | 1,827.79 | 2,137.45 | 54.58% | ||
| 3 | BNB | 321.67 | -7.50 | -2.28% | 4.36% | 315.90 | 350.07 | 30.57% | ||
| 4 | XRP | 0.4494 | -0.0746 | -14.24% | 2.02% | 0.4427 | 0.5360 | 32.22% | ||
| 5 | ADA | 0.3829 | -0.0554 | -12.64% | 1.16% | 0.3804 | 0.4606 | 55.33% | ||
| 6 | DOGE | 0.0785 | -0.0103 | -11.60% | 0.95% | 0.0775 | 0.0946 | 11.65% | ||
| 7 | MATIC | 1.0127 | -0.1493 | -12.85% | 0.81% | 1.0048 | 1.1883 | 33.51% | ||
| 8 | SOL | 21.28 | -3.49 | -14.09% | 0.73% | 21.13 | 25.94 | 113.65% | ||
| 9 | DOT | 5.8515 | -0.8825 | -13.11% | 0.60% | 5.7969 | 6.9781 | 35.77% | ||
| 10 | LTC | 85.52 | -10.93 | -11.33% | 0.54% | 84.90 | 103.05 | 22.17% |
* Rank is based on market cap of non-stablecoins.
** Represents the % of the total crypto market cap
Other Fascinating Stats
The US National Debt decreased 0.32 billion (Wednesday Apr 12th to Wednesday Apr 19th), to a total debt of $31,456,614,505,854.44 according to the Treasury Department. The National Debt has surpassed congresses approved debt limit of 31.381 trillion for over 12 weeks now. See the Debt to the Penny.
The number of solar Sunspots (magnetic storms on the surface of the sun) decreased this week to 97 from 154 last week, the sun has had 0 spotless days in 2023. See more about Sunspots and space weather.
NASA has cataloged 6 new exoplanets this week increasing the total to 5,338 confirmed and catalogued Exoplanets across 4,002 confirmed Planetary Systems. 97 Exoplanets have been confirmed this year so far and there are 9,432 Exoplanet Candidates being evaluated for confirmation. Learn about all of the Exoplanets from NASA’s Exoplanet Catalog.