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SWS Daily Market Update - October 5, 2021


Markets generally rebounded today with the SPX up 1.1%, Dow up 0.9% and Nasdaq composite up 1.3%. The fluctuating pattern seen over the past few weeks is typical of the volatility often seen in September and October. The same major factors are in play: inflation risk, COVID infections, Federal Reserve monetary policy, fiscal policy (especially the passage of the stimulus infrastructure bill) on one side and the rapid growth in the GDP so far this year plus the lack of attractive investment alternatives to stocks on the other side. Investor sentiment varies from one to the other on any given day and this results in market volatility with no sustained moves in either direction.


The NYSE had 1913 advances, 1380 declines with 106 new 52 week highs and 63 new 52 week lows. On Nasdaq there were 2603 advances, 1834 declines, 103 new highs ad 226 new lows. The leading sector was Financials up 1.77% and trailing was Real Estate down – 0.86%. The COBE volatility index dropped – 7.23% to 21.30.


The US trade deficit increased to 73.3 billion in August, above the predicted 70.0 billion and the July value of 70.3 billion.


The purchasing managers indexes for services increased in September. The MARKIT number was 54.9 compared with predicted 54.4 and previous 54.4. The ISM value was 61.9%, above the expected 60.0% and July value of 61.7%. ​


Markets

The SP 500 is up by 1.05% to close at 4345.72. The index is down 0.16% over five days, down 3.86% over one month, up 0.05% over three months and up 29.30% over one year.

The trailing P/E is 30.04 compared to 36.94 one year ago and estimated future P/E 21.47. Dividend yield is currently 1.38 compared with 1.81 one year ago.

Leading stocks were ABMD up 5.93%, IVZ up 5.27%, NFLX up 5.21%, CE up 4.25% and AOS up 4.07%.

Trailing stocks were VTR down 3.71%, PENN down 3.54%, EQIX down 3.25%, HBI down 2.87% and CZR down 2.84%.


The Dow Jones industrial Average is up by 0.92% to close at 34314.67. The DOW is up 0.04% over five days, down 2.24% over one month, down 0.76% over three months and up 23.56% over one year.

The trailing P/E is 23.30 compared with 27.25 year ago and an estimated future P/E of 18.56. The current dividend yield is 1.86% compared with 2.21 one year ago.

Leading stocks were GS up 3.12%, MSFT up 2.00%, UNH up 1.66%, JPM up 1.63% and NKE up 1.58%.

Trailing stocks were MRK down 1.81%, IBM down 0.67%, CAT down 0.33%, V down 0.20%, and VZ up 0.02%.


The NASDAQ composite is down by 1.25% and closed at 14433.83. NASDAQ is down 0.78% over five days, down 6.12% over one month, down 1.57% over 3 months and up 29.40% over one year.

Leading stocks were BTBT up 36.36%, MARPS up 22.11%, JUPW up 22.05%, REDU up 17.46% and SDC up 15.55%.

Trailing stocks were DATS down 23.87%, MDIA down 23.23%, SALM down 22.15%, OPGN down 19.05%, and HUDI down 15.35%.


The MidCap SP400 is up by 0.20% to close at 2672.64. The SP400 is down 0.35% for the past 5 days, down 2.04% for the past month, down 0.27% for the past 3 months and up 37.99% over the past year.

Leading stocks were SWX up 6.58%, CAR up 6.48% and APPS up 6.06%.

Trailing stocks were ACHC down 5.44%, NKTR down 5.36% and SGMS down 4.96%


The SmallCap SP600 is down by 0.34% to close at 1356.30. The SP600 is up 0.51% for the past 5 days, down 0.01% for the past month, up 0.49% for the past 3 months and up 51.50% over the past year.

Leading stocks were ANGO up 5.00%, GNW up 4.91% and CELH up 4.75%.

Trailing stocks were CMTL down 10.84%, NBRWF down 8.00% and TCMD down 7.66%.


The CBOE VIX is down 7.23% and closed at 21.30. The VIX is down 8.39% over five days, up 17.42% over one month, up 29.56% over three months and down 27.75% over one year.


On the New York stock exchange 1913 stocks advanced and 1380 declined, while on Nasdaq 2603 advanced and 1834 declined.

There were 106 new 52 week highs and 63 new 52 week lows on NYSE with 103 new highs and 226 new lows on NASDAQ.


The 2 year Treasury note yield is 0.290% and 10 year is 1.544%. The 10 year yield is up 2.4% over five days, up 14.92% over one month, up 17.09% three months ago, and up 94.43% one year ago.


SP500 Sector Performance % change

Financials +1.77

Communication Services +1.59

Information Technology +1.46

Industrials +1.10

Materials +0.94

Energy +0.58

Health Care +0.58

Consumer Discretionary +0.51

Consumer Staples +0.48

Utilities -0.19

Real Estate -0.86

Financials is up 1.02% over five days, up 2.10% over one month, up 6.04% over three months and up 57.83% over one year.

Real Estate has been down 0.68% over five days, down 7.34% over one month, down 1.16% over three months and up 23.69% over one year.


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