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SWS Daily Market Update - September 13, 2021


The markets bounced back a little on Monday after having their worst week in some months last week. The SPX and DOW were up while Nasdaq dropped 0.1%. This may be another case of buying on the dip and lack of alternative investment options. This week provide new information on inflation, consumer confidence and retail sales and the price increases today indicate that investors anticipate that the news will be encouraging. There is also hope that the $3.5 trillion proposed fiscal stimulus will be passed by congress.


Economic news for September 14

Consumer price index August: estimate 0.4%, previous 0.5%

Core CPI August: estimate 0.3%, previous 0.3%


Markets

The SP 500 is up by 0.23% to close at 4468.73. The index is down 1.47% over five days, down 0.25% over one month, up 5.02% over three months and up 32.07% over one year.

The trailing P/E is 31.70 compared to 37.92 one year ago and estimated future P/E 22.27. Dividend yield is currently 1.29 compared with 1.77 one year ago.

Leading stocks were APA up 7.81%, MRO up 7.19%, OXY up 6.69%, HES up 5.34% and CNC up 5.31%.

Trailing stocks were MRNA down 6.60%, ALB down 4.99%, FTNT down 4.37%, UAA down 4.15% and WAT down 4.04%.


The Dow Jones industrial Average is down by 0.78% to close at 34607.72. The DOW is down 2.15% over five days, down 2.56% over one month, up 0.37% over three months and up 25.09% over one year.

The trailing P/E is 23.71 compared with 27.03 year ago and an estimated future P/E of 19.24. The current dividend yield is 1.83% compared with 2.23 one year ago.

Leading stocks were INTL up 0.82%, MCD up 0.24%, DOW up 0.22%, NKE up 0.15% and PG up 0.10%.

Trailing stocks were AAPL down 3.31%, UNH down 2.22%, WBA down 2.21%, BA down 1.70%, and CRM down 1.36%.


The NASDAQ composite is down by 0.87% and closed at 15115.49. NASDAQ is down 1.61% over five days, up 1.97% over one month, up 7.44% over 3 months and up 39.27% over one year.

Leading stocks were ISEE up 62.49%, ECHO up 52.30%, FAMI up 34.41%, AFRM up 34.37% and ENDP up 32.86%.

Trailing stocks were KAVL down 43.27%, MRSN down 39.12%, APLS down 37.19%, VRPX down 25.59%, and IMPL down 23.76%.


The MidCap SP400 is down by 0.93% to close at 2686.53. The SP400 is down 2.68% for the past 5 days, down 1.64% for the past month, down 2.39% for the past 3 months and up 44.84% over the past year.

Leading stocks were QDEL up 5.92%, PEN up 3.96% and ADNT up 3.66%.

Trailing stocks were TDC down 9.35%, STAA down 5.65% and CAR down 5.15%


The SmallCap SP600 is down by 0.28% to close at 1340.70. The SP600 is down 2.71% for the past 5 days, down 1.38% for the past month, down 3.04% for the past 3 months and up 54.54% over the past year.

Leading stocks were ECHO up 52.30%, ENDP up 32.86% and FIZZ up 12.31%.

Trailing stocks were NTUS down 7.33%, RGS down 6.2% and VCEL down 5.46%.


The CBOE VIX is up 11.44% and closed at 20.95. The VIX is up 27.67% over five days, up 35.60% over one month, up 33.87% over three months and down 22.03% over one year.


On the New York stock exchange 1192 stocks advanced and 2064 declined, while on Nasdaq 1499 advanced and 2879 declined.

There were 110 new 52 week highs and 30 new 52 week lows on NYSE with 86 new highs and 54 new lows on NASDAQ.


The 2 year Treasury note yield is 0.221% and 10 year is 1.341%. The 10 year yield is up 1.5% over five days, up 5.5% over one month, down 11.2% three months ago, and up 67.0% one year ago.


SP500 Sector Performance % change

Energy -0.04

Materials -0.05

Consumer Staples -0.34

Industrials -0.47

Consumer Discretionary -0.57

Financials -0.65

Communication Services -0.90

Health Care -0.94

Information Technology -0.99

Real Estate -1.23

Utilities -1.38

Energy down 1.78% over five days, down 3.71% over one month, down 13.56% over three months and up 46.72% over one year.

Utilities has been down 1.57% over five days, down 0.55% over one month, up 3.55% over three months and up 16.29% over one year.


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