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SWS Daily Market Update - January 7, 2022


It was a turbulent week for the markets to start off 2022. The Nasdaq Composite had it worst week since February falling 4.5% for the week on Friday. The S&P 500 and the Dow Jones Industrial Average also finished the first trading week of 2022 lower. Additionally, the 10-year Treasury note climbed for five consecutive days to the highest level it has been since January 2020.


The S&P 500 dropped 0.41% to 4677.03. The Dow Jones Industrial Average ticked down 0.01% to 36223.66 and the Nasdaq went down 0.96% to 14935.90.


Nonfarm payrolls dropped in December from 249,000 to 199,000. Unemployment rate also declined in December to 3.9% (from 4.2%). The average hourly earnings increased from 0.3% to 0.6% for the month of December.


Consumer credit report was at $20 billion for November, higher than the previous rate of $17 billion.


Markets

The SP 500 is down by 0.41% to close at 4677.03. The index is down 1.87% over five days, down 0.74% over one month, up 6.51% over three months and up 22.29% over one year.

The trailing P/E is 28.76 compared to 41.17 one year ago and estimated future P/E 21.25. Dividend yield is currently 1.29 compared with 1.57 one year ago.

Leading stocks were DISCA up 16.87%, DISCK up 16.80%, VIAC up 8.16%, LUMN up 5.68% and CTRA up 5.33%.

Trailing stocks were DHI down 6.17%, ETSY down 5.99%, XLNX down 5.38%, ABMD down 5.10% and down TPR 5.09%.


The Dow Jones industrial Average went down by 0.01% to close at 36223.66. The DOW is down 0.29% over five days, up 0.72% over one month, up 4.28% over three months and up 16.51% over one year.

The trailing P/E is 22.54 compared with 30.86 year ago and an estimated future P/E of 18.71. The current dividend yield is 1.92% compared with 1.95 one year ago.

Leading stocks were WBA up 2.67%, TRV up 2.41%, HON up 2.34%, VZ up 2.11% and BA up 1.97%.

Trailing stocks were HD down 2.99%, NKE down 2.53%, UNH at 2.35%, V down 1.27%, and INTL down 1.06%.


The NASDAQ composite is down 0.96% and closed at 14935.90. NASDAQ is down 4.53% over five days, down 4.44% over one month, up 2.44% over 3 months and up 13.13% over one year.

Leading stocks were HGSH up 57.47%, AACG up 33.33%, MRIN up 31.30%, VORB up 24.19% and CHNR up 23.26%.

Trailing stocks were SYTA down 42.11%, AAEHR down 21.44%, KRUS down 20.46%, ODT down 16.79%, and ENSC down 16.00%.


The MidCap SP400 is down by 0.77% to close at 2793.14. The SP400 is down 1.72% for the past 5 days, up 0.48% for the past month, up 3.83% for the past 3 months and up 15.59% over the past year.

Leading stocks were GME up 7.32%, AA up 6.71% and EQT up 4.73%.

Trailing stocks were NYT down 10.69%, NBIX down 8.74% and BLD down 7.65%


The SmallCap SP600 is down by 1.11% to close at 1384.44. The SP600 is down 1.23% for the past 5 days, up 0.50% for the past month, up 1.90% for the past 3 months and up 16.31% over the past year.

Leading stocks were EHTH up 10.09%, SLP up 8.67% and AMPH up 8.07%.

Trailing stocks were CELH down 11.25%, DFIN down 10.42% and CYTK down 9.36%.


The CBOE VIX is down by 4.33% and closed at 18.76. The VIX is up 8.94% over five days, up 0.37% over one month, down 0.05% over three months and down 12.99% over one year.


On the New York stock exchange 1702 stocks advanced and 1600 declined, while on Nasdaq 1975 advanced and 2714 declined.

There were 101 new 52 week highs and 105 new 52 week lows on NYSE with 105 new highs and 340 new lows on NASDAQ.


The 2 year Treasury note yield is 0.866% and 10 year is 1.767%. The 10-year yield is up 25.3% over five days, up 28.1% over one month, up 15.4% three months ago, and up 64.7% one year ago.


SP500 Sector Performance % Change:

Energy +1.45

Financials +1.15

Utilities +0.75

Consumer Staples +0.16

Industrials -0.03

Materials -0.09

Communication Services -0.31

Health Care -0.45

Real Estate -0.55

Information Technology -1.01

Consumer Discretionary -1.65


Energy has been up 10.61% over five days, up 8.58% over one month, up 8.88% over three months and up 49.49% over one year


Consumer Discretionary has been down 2.59% over five days, up 2.81% over one month, up 8.11% over three months and up 16.01% over one year.



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