Brief
This report covers the 21st week of the year spanning Friday, May 19th, through Friday, May 26th, 2023.
- 72 new Exoplanets were confirmed and cataloged last week
- Solana (SOL) is the top performing asset up 101.1% YTD
- Construction Materials Lumber and Steel are top 10 performing assets up 30.3% and 25.7% YTD respectively
- S&P500 Materials Sector flipped negative YTD
- S&P500 Industrials Sector flipped negative YTD
- S&P500 Consumer Staples Sector flipped negative YTD
- The US National Debt reported by the Treasury department shows the debt has been higher than the approved congressional limit for over 17 weeks
Economic Reports
Monday May 22nd
- No notable economic reports
Tuesday May 23rd
- New Home Sales for April increased 4.1% to an annually adjusted rate of 683K, more than the expected 660K and more than last month’s 656K
Wednesday May 24th
- No notable economic reports
Thursday May 25th
- Initial Jobless Claims for last week increased by 4,000 to 229,000 new claims, less than the expected 247,000
- Continuing Jobless Claims decreased by 5,000 to 1.794 million
- GDP – Second Estimate for Q1 increased 1.3%, more than the expected increase of 1.1% and more than last quarter’s increase of 1.1%
- GDP Deflator – Second Estimate for Q1 increased 4.2%, more than the expected increase of 4.0% and more than last quarter’s increase of 4.0%
- Pending Home Sales for April were a flat 0% change, more than the expected decrease of 2.9% and more than last month’s decrease of 5.2%
Friday May 26th
- Personal Income for April increased 0.4%, matching the expected increase of 0.4% and more than last month’s increase of 0.3%
- Personal Spending for April increased 0.8%, more than the expected increase of 0.4% and more than last month’s increase of 0.1%
- PCE Prices for April increased 0.4%, more than the expected increase of 0.3% and more than last month’s increase of 0.1%
- PCE Prices – Core for April increased 0.4%, more than the expected increase of 0.3% and more than last month’s increase of 0.3%
- Durable Orders for April increased 1.1%, more than the expected decrease of 1.0% and less than last month’s increase of 3.3%
- Univ. of Michigan Consumer Sentiment – Final for May was 59.2, more than the expected 57.8 and more than last month’s 57.7
Next Week’s Major Reports
- Consumer Confidence – Tuesday May 30th
- ISM Manufacturing Index – Thursday June 1st
- Nonfarm Payroll – Friday June 2nd
- Unemployment – Friday June 2nd
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 0.27% this week. Information Technology posted the largest gain of the week, up 5.12% while the majority of the rest of the market posted solid losses. Communication Services, Consumer Discretionary and Information Technology remain the only sectors with positive YTD performance.
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| DJIA | 33,093.34 | -333.29 | -1.00% | 32,586.56 | 33,512.30 | -0.16% | ||
| Nasdaq | 12,975.69 | 317.79 | 2.51% | 12,415.85 | 13,001.91 | 23.97% | ||
| S&P 500 | 4,205.45 | 13.47 | 0.32% | 4,103.98 | 4,212.87 | 9.53% | ||
| Wilshire 5000 | 41,437.26 | 112.19 | 0.27% | 40,643.81 | 41,437.26 | 8.83% |
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Communication Services | 210.92 | 2.51 | 1.20% | 206.48 | 210.92 | 32.35% | ||
| Consumer Discretionary | 1,190.01 | 4.28 | 0.36% | 1,162.34 | 1,190.01 | 18.35% | ||
| Consumer Staples | 764.84 | -25.35 | -3.21% | 762.16 | 778.59 | -1.83% | ||
| Energy | 602.51 | -6.79 | -1.11% | 602.51 | 616.43 | -10.39% | ||
| Financials | 532.82 | -8.34 | -1.54% | 528.74 | 542.38 | -6.48% | ||
| Health Care | 1,483.73 | -44.74 | -2.93% | 1,483.73 | 1,529.13 | -6.42% | ||
| Industrials | 830.39 | -12.03 | -1.43% | 821.53 | 842.45 | -0.12% | ||
| Information Technology | 2,909.96 | 141.62 | 5.12% | 2,713.42 | 2,909.96 | 33.97% | ||
| Materials | 479.21 | -15.55 | -3.14% | 477.22 | 492.05 | -2.11% | ||
| Real Estate | 223.68 | -3.19 | -1.41% | 220.49 | 228.39 | -3.74% | ||
| Utilities | 326.13 | -8.02 | -2.40% | 326.13 | 334.24 | -9.02% |
Global Stocks
| Index | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| UK FTSE 100 | 7,627.20 | -129.67 | -1.67% | 7,556.92 | 7,800.85 | 2.35% | ||
| France CAC 40 | 7,319.18 | -172.78 | -2.31% | 7,197.40 | 7,493.38 | 13.06% | ||
| Spain IBEX 35 | 9,191.10 | -60.40 | -0.65% | 9,048.20 | 9,326.60 | 11.69% | ||
| Germany DAX 40 | 15,983.97 | -291.41 | -1.79% | 15,726.50 | 16,267.93 | 14.80% | ||
| India BSE Sensex | 62,501.69 | 772.01 | 1.25% | 61,484.66 | 62,529.83 | 2.73% | ||
| China Shanghai Comp | 3,212.50 | -71.04 | -2.16% | 3,168.57 | 3,308.53 | 3.99% | ||
| HK Hang Seng 50 | 18,746.92 | -703.65 | -3.62% | 18,620.84 | 19,806.44 | -5.23% | ||
| Japan Nikkei 225 | 30,916.31 | 107.96 | 0.35% | 30,558.14 | 31,352.53 | 18.48% | ||
| Australia ASX 200 | 7,154.80 | -124.70 | -1.71% | 7,129.00 | 7,288.10 | 1.65% |
Currencies
| Currency | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| CAD Canadian Dollar | 1.3616 | 0.0087 | 0.64% | 1.3486 | 1.3656 | 0.46% | ||
| MXN Mexican Peso | 17.6308 | -0.1573 | -0.88% | 17.6170 | 17.9977 | -9.53% | ||
| COP Colombian Peso | 4,446.50 | -89.00 | -1.96% | 4,422.67 | 4,549.91 | -8.29% | ||
| BRL Brazilian Real | 4.9937 | -0.0068 | -0.14% | 4.9364 | 5.0434 | -5.51% | ||
| GBP British Pound Sterling | 0.8101 | 0.0066 | 0.82% | 0.8017 | 0.8125 | -2.00% | ||
| EUR Euro | 0.9321 | 0.0065 | 0.70% | 0.9231 | 0.9345 | -0.25% | ||
| CHF Swiss Franc | 0.9051 | 0.0057 | 0.63% | 0.8940 | 0.9075 | -2.16% | ||
| CZK Czech Koruna | 22.0610 | 0.0675 | 0.31% | 21.8500 | 22.1232 | -2.25% | ||
| NOK Norwegian Krone | 11.0621 | 0.1844 | 1.70% | 10.8195 | 11.1033 | 12.77% | ||
| SEK Swedish Krona | 10.8119 | 0.2749 | 2.61% | 10.4973 | 10.8401 | 3.59% | ||
| RUB Russian Ruble | 79.00 | -1.10 | -1.37% | 78.84 | 80.82 | 7.12% | ||
| SAR Saudi Riyal | 3.7505 | 0.0008 | 0.02% | 3.7485 | 3.7560 | -0.20% | ||
| AED UAE Dirham | 3.6722 | -0.0001 | 0.00% | 3.6716 | 3.6726 | -0.01% | ||
| INR Indian Rupee | 82.56 | -0.28 | -0.34% | 82.53 | 82.98 | -0.23% | ||
| THB Thai Baht | 34.74 | 0.34 | 0.99% | 34.24 | 34.81 | 0.35% | ||
| SGD Singapore Dollar | 1.3521 | 0.0067 | 0.50% | 1.3413 | 1.3556 | 0.84% | ||
| MYR Malaysian Ringgit | 4.6010 | 0.0625 | 1.38% | 4.5335 | 4.6386 | 4.45% | ||
| CNH Chinese Yuan | 7.0700 | 0.0460 | 0.65% | 7.0145 | 7.0983 | 2.15% | ||
| HKD Hong Kong Dollar | 7.8338 | 0.0166 | 0.21% | 7.8130 | 7.8387 | 0.35% | ||
| KRW South Korean Won | 1,323.41 | -1.80 | -0.14% | 1,308.07 | 1,331.66 | 4.87% | ||
| JPY Japanese Yen | 140.64 | 2.74 | 1.99% | 137.50 | 140.72 | 7.26% | ||
| AUD Australian Dollar | 1.5344 | 0.0313 | 2.08% | 1.4995 | 1.5408 | 4.72% | ||
| NZD New Zealand Dollar | 1.6540 | 0.0604 | 3.79% | 1.5865 | 1.6578 | 5.03% |
* Rates are quoted as the amount of local currency to buy 1 US Dollar.
Commodities
- Average US Regular Gas Price – decreased 0.2 cents or -0.06% this week to $3.534 a gallon. See more about US Regular Gas Prices.
- EIA Crude Oil Inventories – decreased by 12.46M barrels last week compared to prior week increase of 5.04M
- EIA Natural Gas Inventories – increased 96 bcf last week compared to prior week increase of 99 bcf (billion cubic feet)
| Commodity | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|
| Gold | 1,944.30 | -37.30 | -1.88% | 1,936.00 | 1,987.90 | 6.47% | ||
| Silver | 23.36 | -0.70 | -2.91% | 22.79 | 24.09 | -2.83% | ||
| Platinum | 1,028.10 | -47.60 | -4.43% | 1,020.80 | 1,087.90 | -5.06% | ||
| Palladium | 1,423.50 | -100.30 | -6.58% | 1,385.00 | 1,526.00 | -20.83% | ||
| Crude Oil | 72.67 | 1.12 | 1.57% | 70.55 | 74.73 | -9.46% | ||
| Natural Gas | 2.4170 | -0.2900 | -10.71% | 2.3810 | 2.7070 | -41.11% | ||
| Lumber | 487.00 | -14.50 | -2.89% | 485.00 | 504.50 | 30.32% | ||
| Steel (HRC) | 935.00 | -159.00 | -14.53% | 921.00 | 1,094.00 | 25.67% | ||
| Copper | 3.6820 | -0.0500 | -1.34% | 3.5450 | 3.7375 | -3.37% | ||
| Corn | 6.0400 | 0.4950 | 8.93% | 5.5325 | 6.0675 | -10.98% | ||
| Wheat | 6.1600 | 0.1100 | 1.82% | 5.9425 | 6.2475 | -22.22% | ||
| Soybeans | 13.3725 | 0.3000 | 2.29% | 13.0475 | 13.4425 | -12.25% | ||
| Coffee | 1.8160 | -0.1040 | -5.42% | 1.8030 | 1.9375 | 8.55% | ||
| Cattle | 1.6518 | -0.0055 | -0.33% | 1.6365 | 1.6745 | 4.61% | ||
| Lean Hogs | 0.7478 | -0.0825 | -9.94% | 0.7403 | 0.8383 | -14.74% |
Interest Rates
- Federal Funds Effective Rate – 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 – increased this week to 6.57% from 6.39% last week. Learn more about 30 year mortgage rates.
- MBA Mortgage Applications Index – decreased by 4.6% this week compared to the prior week decrease of 5.7%
| Maturity | Week Close | Week Change | Low | Week Range | High | |
|---|---|---|---|---|---|---|
| US 1 Month | 5.549% | 0.142% | 5.391% | 5.755% | ||
| US 3 Month | 5.268% | 0.022% | 5.227% | 5.389% | ||
| US 1 Year | 5.246% | 0.227% | 4.997% | 5.282% | ||
| US 5 Year | 3.931% | 0.188% | 3.681% | 3.995% | ||
| US 10 Year | 3.806% | 0.123% | 3.644% | 3.855% | ||
| US 30 Year | 3.961% | 0.031% | 3.905% | 4.023% |
Cryptocurrencies
- Total Crypto Market Cap – decreased 1.32% or 14.8B this week to 1,109B
| Rank* | Crypto | Week Close | Week Change | Change % | Low | Week Range | High | YTD Performance | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BTC | 26,703.21 | -163.67 | -0.61% | 25,963.53 | 27,428.93 | 61.37% | ||
| 2 | ETH | 1,829.30 | 13.75 | 0.76% | 1,773.31 | 1,866.23 | 52.85% | ||
| 3 | BNB | 307.37 | -1.23 | -0.40% | 303.20 | 315.50 | 24.77% | ||
| 4 | XRP | 0.4699 | 0.0020 | 0.43% | 0.4463 | 0.4715 | 38.25% | ||
| 5 | ADA | 0.3628 | -0.0052 | -1.42% | 0.3548 | 0.3753 | 47.18% | ||
| 6 | DOGE | 0.0711 | -0.0024 | -3.32% | 0.0693 | 0.0740 | 1.11% | ||
| 7 | SOL | 20.03 | -0.96 | -4.58% | 18.97 | 21.07 | 101.10% | ||
| 8 | MATIC | 0.9115 | 0.0404 | 4.64% | 0.8459 | 0.9626 | 20.18% | ||
| 9 | TRX | 0.0752 | 0.0051 | 7.31% | 0.0699 | 0.0789 | 37.90% | ||
| 10 | LTC | 87.51 | -4.28 | -4.66% | 83.66 | 93.45 | 25.02% |
* Rank is based on market cap of non-stablecoins.
Other Fascinating Stats
The US National Debt increased 3.58 billion (Wednesday May 17th to Wednesday May 24th), to a total debt of $31,461,618,625,936.34 according to the Treasury Department. The National Debt has surpassed congresses approved debt limit of 31.381 trillion for over 17 weeks now. See the Debt to the Penny.
The number of solar Sunspots (magnetic storms on the surface of the sun) remained the same this week at 121, the sun has had 0 spotless days in 2023. See more about Sunspots and space weather.
NASA has cataloged 72 new exoplanets this week, the total has increased to 5,419 confirmed and catalogued Exoplanets across 4,170 confirmed Planetary Systems. 178 Exoplanets have been confirmed this year so far and there are 9,631 Exoplanet Candidates being evaluated for confirmation. Learn about all of the Exoplanets from NASA’s Exoplanet Catalog.