The Week 16 of 2021 US Stock Market and News Recap
Week 16 goes to The Stock Market Bear. It was not easy, and is his first win since Week 11.
By Larry C. Paxton
US Stock Market Indices Summary |
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| Week 16 of 2021 Ending Friday, 04/23/21 | |||
| DJIA | NASDAQ | S&P500 | |
| Previous Year Close(12/31/20) | 30,606.48 | 12,888.28 | 3,756.07 |
| Previous Quarter Close(03/31/21) | 32,981.55 | 13,246.87 | 3,972.89 |
| Previous Month Close(03/31/21) | 32,981.55 | 13,246.87 | 3,972.89 |
| Record Close Date | 04/16/21 | 02/12/21 | 04/16/21 |
| Record Close | 34,200.67 | 14,095.47 | 4,185.47 |
| Week 15 Close | 34,200.67 | 14,052.34 | 4,185.47 |
| Week 16 Close | 34,043.49 | 14,016.81 | 4,180.17 |
| Percent Change-Week | -0.46% | -0.25% | -0.13% |
| Percent Change-Month | 3.22% | 5.81% | 5.22% |
| Percent Change-Quarter | 3.22% | 5.81% | 5.22% |
| Percent Change-YTD | 11.23% | 8.76% | 11.29% |
| Percent Change-Record | -0.46% | -0.56% | -0.13% |
| The Stock Market Bull vs The Stock Market Bear Tallies YTD | |||
| Week 16 Winner and Tally | Bear | 3-0 | |
| Weeks | Months | YTD | |
| The Stock Market Bull | 8 | 2 | Ahead |
| The Stock Market Bear | 5 | 0 | |
| Mixed Result | 3 | 1 | |
| Totals | 16 | 3 | |
US Stock Exchanges Week 16 Summary:
The Stock Market Bull has been on a winning streak since Week 12. The Stock Market Bear had had enough and angrily started out Week 16 by making some good sized gashes on all 3 major US indices on Monday and Tuesday. The Stock Market Bull made a determined response by taking Wednesday. But The Stock Market Bear returned with a vengeance on Thursday. The Stock Market Bull charged back on Friday, achieved some new intraday record highs for the DJIA and S&P500, but as the day came to a close he became weary and lost some ground. He won the day, but was unable to overcome The Stock Market Bear‘s lead for the week. Week 16 goes to The Stock Market Bear 3-0, his first clear win since Week 11.
Week 16 News Summary:
Coronavirus Pandemic: As of today, Friday, 04/23/21, at 6:20PM Eastern US, the John Hopkins University CSSE unit says there are now 145,261,836 confirmed cases globally with 3,082,775 deaths. For the US it is 31,990,519 confirmed cases and 574,179 deaths. Vaccinations are occurring at the rate of around 3 million doses per day. Today the pause on the Johnson & Johnson’s vaccine was lifted. States continue to open up more. There are continuing concerns about variants, which have affected other countries, but so far have not had a major impact in the US. Vaccination programs continue to expand.
US Federal Government: President Biden continues to push for an infrastructure plan and is meeting with lawmakers from both sides of the aisle to try to come up with a plan that can pass. During a meeting on climate change that included several nations President Biden pledged to lower US greenhouse gases by 50% by 2030. President Biden also proposed a nearly 40% capital gains tax on households with more than $1 million in annual incomes.
US Economy: The annual existing home sales rate fell 3.7% in March to 6.01 million and reached new highs for the median home price. New family home sales increased nearly 21% in March to a 1.02 million annual rate. 30 year fixed mortgage rates dropped to just below 3% again. US initial jobless claims fell to 547,000, a new post-pandemic low. Business and consumer surveys continue to show optimism over the next few months.
Corporate Business: 1Q21 corporate earnings reports continue to be mixed, but guidance is cautiously optimistic, assuming the COVID-19 pandemic comes to an end sometime in the summer.
Society: Former Minneapolis police officer Derek Chauvin was found guilty on all counts for the killing of George Floyd by kneeling on his neck for around 9 minutes.
International News: . There were surges in COVID-19 infections globally.
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