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SWS Market Update - February 25, 2022


The U.S. stocks rallied on Friday at the end of a choppy week, recouping a lot of the damage that the stock market experienced earlier in the week after Russia invaded Ukraine.

The S&P 500 added 2.24% on Friday, closing at 4384.65 and adding 0.8% for the week. The Dow Jones Industrial Average gained 2.51%, closing at 34058.75 on Friday but remaining mostly flat for the week after suffering big losses earlier on. The Nasdaq Composite climbed 1.64% to close at 13694.62, and added 1.6% for the week.


Economic Reports

Nominal personal income dropped in January from 0.4% to 0.0%.

Nominal consumer spending went up in January from -0.8% to 2.1%.

PCE inflation (monthly) reported a slight increase from 0.5% to 0.6% in January.

Core inflation (monthly) remained at 0.5% in January, as was predicted by economists.

PCE inflation (year-over-year) increased to 6.1% in January in comparison to 5.8% the month prior.

Real disposable income went from -0.3% to -0.5%.

Real consumer spending jumped from -1.3% in December to 1.5% in January.

Core capital equipment orders went up to 0.9% in January, from 0.4% previously.

UMich consumer sentiment for February showed an increase 61.7 to 62.8.

5-year inflation expectations were reported at 3.0% for February.

Pending home sales fell in January from -2.3% to -5.7%.


Markets

The SP 500 is up by 2.24% to close at 4384.65. The index is up 0.82% over five days, down 1.06% over one month, down 4.57% over three months and up 15.05% over one year.

The trailing P/E is 23.83 compared to 43.74 one year ago and estimated future P/E 19.49. Dividend yield is currently 1.41 compared with 1.50 one year ago.

Leading stocks were ETSY up 16.21%, DISH up 11.34%, MOS up 4.18%, NUE up 7.57% and SBNY up 7.46%.

Trailing stocks were MRNA down 3.14%, EOG down 2.56%, INTU down 2.00%, EBAY down 1.52% and HP down 1.42%.


The Dow Jones Industrial Average went up 2.51% to close at 34058.75. The DOW is down 0.06% over five days, down 1.92% over one month, down 2.41% over three months and up 10.11% over one year.

The trailing P/E is 18.89 compared with 31.47 year ago and an estimated future P/E of 17.90. The current dividend yield is 2.06% compared with 1.95 one year ago.

Leading stocks were JNJ up 4.97%, MMM up 4.74%, UNH up 4.36%, PG up 4.27% and TRV up 4.17%.

Trailing stocks were DIS down 0.09%, V down 0.91%, MSFT down 0.92%, HD down 1.09% and NKE up 1.19%.


The NASDAQ composite went up 1.64% and closed at 13694.62. NASDAQ is up 1.08% over five days, down 0.55% over one month, down 11.60% over 3 months and up 3.81% over one year.

Leading stocks were ISPO up 50.45%, GFAI up 45.44%, CARG up 43.96%, GLG up 39.43% and IMPP up 33076%.

Trailing stocks were BXRX down 59.59%, EVBG down 33.87%, LPSN down 25.64%, VICR down 25.21%, and LTCH down 24.40%.


The MidCap SP400 went up by 2.81% to close at 2661.60. The SP400 is up 1.11% for the past 5 days, up 3.23% for the past month, down 4.24% for the past 3 months and up 6.62% over the past year.

Leading stocks were CHDN up 11.73%, CLF up 10.88% and X up 10.47%.

Trailing stocks were FL down 29.80%, VICR down 25.21% and MTZ down 13.08%


The SmallCap SP600 is up by 2.23% to close at 1310.76. The SP600 is up 0.99% for the past 5 days, up 3.06% for the past month, down 4.76% for the past 3 months and up 2.52% over the past year.

Leading stocks were KAR up 38.35%, STRA up 21.36% and SLCA up 19.41%.

Trailing stocks were LPSN down 25.64%, JYNT down 18.80% and VNDA down 12.18%.


The CBOE VIX is down by 9.00% and closed at 27.59. The VIX is down 0.58% over five days, down 0.25% over one month, down 3.60% over three months and down 1.29% over one year.


On the New York stock exchange 2760 stocks advanced and 592 declined, while on Nasdaq 3412 advanced and 1294 declined.

There were 44 new 52 week highs and 73 new 52 week lows on NYSE with 47 new highs and 136 new lows on NASDAQ.


The 2 year Treasury note yield is 1.576% and 10 year is 1.969%. The 10-year yield is up 4.1% over five days, up 19.8% over one month, up 49.0% three months ago, and up 55.4% one year ago.


SP500 Sector Performance % Change:

Materials +3.58

Financials +3.16

Utilities +3.14

Consumer Staples +3.12

Health Care +3.03

Energy +2.74

Real Estate +2.49

Industrials +2.40

Consumer Discretionary +1.89

Communication Services +1.48

Information Technology +1.37


Materials has been up 0.50% over five days, up 1.18% over one month, down 2.27% over three months and up 14.77% over one year.


Information Technology has been up 1.29% over five days, down 2.31% over one month, down 6.98% over three months and up 17.97% over one year.



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