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SWS Daily Market Update - January 26, 2022


The Fed announced plans to end its stimulus program by March and to raise interest rates in the middle of March 2022 to combat inflation. The statement from the Federal Reserve said that “it will soon be appropriate to raise the target range for the federal-funds rate.” The S&P 500 dropped by 0.15% TO 4349.86, the Dow Jones Industrial Average fell 0.38% to 34168.09 and the Nasdaq Composite increased by 0.02% to 13542.12.


Economic Reports

Advance report on trade in goods for December was -101.0 billion. It was 98.0 million previously.


New home sales starts (SAAR) increased in December from 725,000 to 811,000.


Markets

The SP 500 is down by 0.15% to close at 4349.86. The index is down 4.04% over five days, down 9.25% over one month, down 4.43% over three months and up 15.97% over one year.

The trailing P/E is 27.24 compared to 41.74 one year ago and estimated future P/E 20.10. Dividend yield is currently 1.38 compared with 1.55 one year ago.

Leading stocks were GLW up 11.19%, ADM up 5.78%, AVGO up 4.30%, TER up 3.67% and MSFT up 2.85%.

Trailing stocks were DISCA down 9.16%, ADP down 8.95%, DISCK down 8.92%, FFIV down 8.43% and T down 8.42%.


The Dow Jones industrial Average went down by 0.38% to close at 34168.09. The DOW is down 2.46% over five days, down 6.36% over one month, down 3.73% over three months and up 12.75% over one year.

The trailing P/E is 20.64 compared with 29.47 year ago and an estimated future P/E of 19.14. The current dividend yield is 2.02% compared with 1.95 one year ago.

Leading stocks were MSFT up 2.85%, V up 1.93%, INTL up 1.35%, AXP up 1.27% and JPM down 0.93%.

Trailing stocks were BA down 4.85%, VZ down 3.57%, MMM at 2.54%, WBA down 2.41%, and DIS down 2.23%.


The NASDAQ composite is up 0.02% and closed at 13542.12. NASDAQ is down 5.57% over five days, down 14.11% over one month, down 11.12% over 3 months and down 2.05% over one year.

Leading stocks were EBON up 35.44%, SRRA up 26.28%, LRMR up 21.25%, GRPN up 20.02% and HUDI up 19.81%.

Trailing stocks were TYME down 37.46%, CRTX down 31.46%, MYNZ down 28.40%, VLCN down 25.37%, and APM down 24.89%.


The MidCap SP400 is down by 0.99% to close at 2569.53. The SP400 is down 4.37% for the past 5 days, down 9.77% for the past month, down 6.54% for the past 3 months and up 8.54% over the past year.

Leading stocks were SF up 6.50%, MAT up 4.28% and CRUS up 3.73%.

Trailing stocks were NAVI down 12.74%, YETI down 6.94% and CROX down 6.52%


The SmallCap SP600 is down by 1.47% to close at 1277.61. The SP600 is down 3.81% for the past 5 days, down 9.31% for the past month, down 5.59% for the past 3 months and up 3.93% over the past year.

Leading stocks were MDRX up 16.02%, HOPE up 11.37% and PETS up 8.98%.

Trailing stocks were AJRD down 18.56%, HSKA down 8.86% and LYLT down 7.52%.


The CBOE VIX is up by 2.57% and closed at 31.96. The VIX is up 34.00% over five days, up 88.55% over one month, up 88.22% over three months and down 14.11% over one year.


On the New York stock exchange 1081 stocks advanced and 2323 declined, while on Nasdaq 1577 advanced and 3199 declined.

There were 44 new 52 week highs and 193 new 52 week lows on NYSE with 34 new highs and 376 new lows on NASDAQ.


The 2 year Treasury note yield is 1.147% and 10 year is 1.874%. The 10-year yield is up 0.3% over five days, up 31.5% over one month, up 20.94% three months ago, and up 84.41% one year ago.


SP500 Sector Performance % Change:

Information Technology +0.72

Financials +0.27

Energy -0.17

Consumer Discretionary -0.32

Health Care -0.44

Consumer Staples -0.67

Utilities -0.71

Communication Services -0.79

Industrials -0.82

Materials -1.02

Real Estate -1.66


Information Technology has been down 4.50% over five days, down 13.53% over one month, down 4.37% over three months and up 15.49% over one year.


Real Estate has been down 2.69% over five days, down 10.59% over one month, up 3.11% over three months and up 25.24% over one year.



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