MARKETS TODAY Dec 30 (Vica Partners)
DOW (^DJI) 33,147 (-74), S&P 500 (^GSPC) 3,840 (-10), Nasdaq (^IXIC) 10,466 (-12), Russell 2000 (^RUT) 1,764 (-3), NYSE FANG+ (^NYFANG) 4,442 (+5), Brent Crude $85.91/barrel (+$2.45), Gold $1,824/oz (+$9), Bitcoin 16.6k (-$38)
Session Overview
The Dow Jones Industrial Average declined 0.22% today on thin holiday trading, to close at 33,147.25 and capping off 2022 as the worst year for the market since 2008. Energy was the only advancing sector up 0.46%. Consumer Discretionary and Materials were the biggest drag on the markets, down 0.87% and 0.84% respectively. In economic “good news” the Chicago PMI ended the year stronger than expected at 44.9 vs 40.5 consensus and 37.2 in November.
Technicals/ Sector Performance/ Yields+
1 of 11 of S&P 500 Sectors higher today;
The only advancing sector was Energy, up 0.46%. Consumer Discretionary and Materials were the biggest decliners, down 0.87% and 0.84% respectively.
Yields rose on the day and advancing throughout the week: US – 2yr to 4.428%, 5yr to 4.00%, 10yr to 3.879%, 30yr to 3.975%
Greed Index Rating 37/ Fear
U.S Economic News
- Chicago PMI; the Chicago Business Barometer PMI recovered to 44.9 in December from a dismal 37.2 in November and well above Economist forecast of 40.5. Readings below 50 indicate economy contraction.
Other Asset Classes:
- CBOE Volatility Index (^VIX): -0.29 to 21.72
- USD index: -$0.33 to $103.51
- Oil prices – Brent: +2.94% to $85.91, WTI: +2.51% to $80.37, Nat Gas: -2.76% to $4.43
- Gold: +0.47% to $1,823.67, Silver: +0.37% to $23.96, Copper: -0.12% to $3.82
- Bitcoin: -0.23% to $16.6k
In world news
- Putin expects China’s Xi to visit soon, Xi holds his line on Ukraine Rueters
- COVID travel curbs against Chinese visitors ‘discriminatory’- state media Reuters
- Russia hits key infrastructure with missiles across Ukraine APnews
Vica Momentum Stock Report
Humana Inc. (HUM) $HUM. (Momentum Grade B) (Value A) (Growth A) 100 Day Average +4.74%, 200 Day Average 15.07%, Year to Date +9.85%
Humana Inc. is one of the largest health care plan providers in the United States. It provides health insurance benefits under Health Maintenance Organization (HMO), Private Fee-For-Service (PFFS), and Preferred Provider Organization (PPO) plans. Ending in 2021 with enrolment of 17.1 million members under its medical benefit plans and approximately 7.2 million members in its specialty product category.
Market Outlook
It’s been difficult ’22 year for the markets, however the future looks to be opportune.
Cheers! mk and TEAM
Market Outlook and updates posted at vicapartners.com
