The Week 19 of 2022 US Stock Market News Recap

May 13, 2022 by

The Week 19 of 2022 US Stock Market News Recap

Stock Market Bull Bear Stocks Investing Investor ThePBR1000 ThePBR25

At the start of Week 19 of 2022 The Stock Market Bear made sure everyone knew he meant business, gets his 6th straight outright weekly victory.

By Larry C. Paxton

The US Stock Market Week 19 Summary:

The Stock Market Bear came out strong from start to end on Monday of Week 19. The daily battle continued on Tuesday with a slight mixed 2-1 edge for The Stock Market Bull as he announced that he still had some life left in him. Wednesday belonged to The Stock Market Bear as he took a bite out of each of the US major stock indices. The Thursday battle was similar to Tuesday but with The Stock Market Bear getting the slight mixed 2-1 result by slim margins. The Stock Market Bull pulled out a strong Friday to end the week, balancing out the losses from Wednesday, but not even close to also overtaking Monday’s significant losses. Week 19 belongs to The Stock Market Bear who notches his 6th straight weekly 3-0 outright win and increases his lead year-to-date.

US Stock Market Indices Summary

Week 19  of 2022 Ending 05/13/22
DJIA NASDAQ S&P500
Previous Year Close(12/31/21) 36,338.30 15,644.97 4,766.18
Previous Quarter Close(03/31/22) 34,678.35 14,220.52 4,530.41
Previous Month Close(04/29/22) 32,977.21 12,334.64 4,131.93
Record Close Date 01/04/22 11/19/21 01/03/22
Record Close 36,799.65 16,057.44 4,796.56
Week 18-Friday & Close(05/06/22) 32,899.37 12,144.66 4,123.34
Week 19-Monday(05/09/22) 32,245.70 11,623.25 3,991.24
    Day Change (653.67) (521.41) (132.10)
    Day % Change -1.99% -4.29% -3.20%
Week 19-Tuesday(05/10/22) 32,160.74 11,737.67 4,001.05
    Day Change (84.96) 114.42 9.81
    Day % Change -0.26% 0.98% 0.25%
Week 19-Wednesday(05/11/22) 31,834.11 11,364.24 3,935.18
    Day Change (326.63) (373.43) (65.87)
    Day % Change -1.02% -3.18% -1.65%
Week 19-Thursday(05/12/22) 31,730.30 11,370.96 3,930.08
    Day Change (103.81) 6.72 (5.10)
    Day % Change -0.33% 0.06% -0.13%
Week 19-Friday & Close(05/13/22) 32,196.66 11,805.00 4,023.89
    Day Change 466.36 434.04 93.81
    Day % Change 1.47% 3.82% 2.39%
Change-Week (702.71) (339.66) (99.45)
% Change-Week -2.14% -2.80% -2.41%
Change-Month-to-Date (780.55) (529.64) (108.04)
% Change-Month-to-Date -2.37% -4.29% -2.61%
Change-Quarter-to-Date (2,481.69) (2,415.52) (506.52)
% Change-Quarter-to-Date -7.16% -16.99% -11.18%
Change-Year-to-Date (4,141.64) (3,839.97) (742.29)
% Change-Year-to-Date -11.40% -24.54% -15.57%
Change-Record (4,602.99) (4,252.44) (772.67)
% Change-Record -12.51% -26.48% -16.11%

The Stock Market Bull and Bear Tallies 2022 YTD
Week 19 Winner and Tally  Bear 3-0 Win
April Winner and Tally Bear 3-0 Win
Weeks Months 2022 YTD
The Stock Market Bull 4 1
The Stock Market Bear 13 3 Winning
Mixed Result 2 0
  Totals 19 4

Influences/News:

  • Russia‘s artillery units continue to destroy Ukrainian towns. Ukraine countermeasures also appear to be doing well as they recapture some lost areas in the north. Last Sunday the G7 group of democracies express unanimous support of Ukraine, pledge to cut Russia oil imports and adds more restrictions and sanctions against Russia and many of its oligarchs. Russia’s annual “Victory Day” celebration of its defeat of Nazi Germany at the end of World War II was also supposed to be a celebration of its conquest of Ukraine, but falls far short. US President Biden signs the “Ukraine Democracy Defense Lend-Lease Act of 2022” that allows the US to provide military equipment, encourages the US Congress to approve an additional $40 billion Ukraine aid package.  The US House passes the bill with strong bipartisan support, but it is delayed in the US Senate because Senator Paul Rand wants additional language in the bill to provide oversight. Passage with bipartisan support is expected next week. Because of Russia’s invasion of Ukraine the bordering countries of Finland and Sweden are pursuing joining NATO, which requires a consensus among the 30 member countries. However, Turkey’s President Erdogan has indicated he might possibly veto the request because of Sweden and Finland’s support of the Kurds which Turkey regards as a terrorist organization.
  • S Korea installs Yoon Suk-yeol as its 20th President, a 5 year single term position.
  • Staunch China supporter and ex-security chief John Lee is elected Chief Executive of Hong Kong in a closed election with only one candidate.
  • Highly regarded Palestinian-American Shireen Abu Akleh, a longtime journalist for Al Jazeera, is killed during a skirmish between Palestinians and Israeli military forces during a raid in the West Bank city of Jenin. Israel is blamed for the killing, but Israel says she was killed by Palestinian fire. The autopsy by Palestinians is closed. Additional deaths occur during some violence during her funeral procession.
  • In COVID-19 news China continues to enforce lockdowns in Shanghai during the current COVID-19 outbreak. N Korea records for the first time some deaths and the rapid spread of a COVID-19 outbreak. US President Biden urges the world to renew its fight against COVID-19 as the US nears one million deaths from the virus.
  • US President Biden’s administration unveils actions to address the baby formula shortage.
  • The US Senate confirms Federal Reserve Chairman Jerome Powell for a second term.
  • Last Saturday 80-1 longshot Rich Strike comes from behind to win the 148th running of the Kentucky Derby horse race, the first leg of the Triple Crown. However, his owners have decided to skip the Preakness, the second leg of the Triple Crown, to rest him and prepare him for the Belmont Stakes, the third leg of The Triple Crown.

US Economic News:

  • The FannieMae April 2022 US Home Purchase Sentiment Index is at 68.5, March was at 73.2, February 75.3, April 2021 79.0, April 2020 63.0, April 2019 88.3. “In April, the HPSI fell to its lowest level since the first few months of the pandemic, as consumers continue to report difficult homebuying conditions amid the budget-tightening constraints of inflation, higher mortgage rates, and high home price appreciation…”
  • The Dept of Commerce/Census says the Preliminary March 2022 US Wholesale Sales-Durables is at $321.5 billion, Non-Durables $364.7 billion, making March 2022 US Wholesale Sales Total at $686.2 billion, February was at $674.9 billion, January $664.7 billion, March 2021 $561.8 billion, March 2020 $477.4 billion, March 2019 $500.9 billion.
  • The CoreLogic February 2022 US Home Mortgages 30 Or More Days Delinquent is at 3.2%, January was at 3.3%, December 2021 3.4%, February 2021 5.7%, February 2020 3.6%. “This remains the lowest recorded overall delinquency rate in the U.S. since at least January 1999.”
  • The Dept of Labor says the Preliminary April 2022 Current Average Earnings/Hour is at $31.85, Average Hours Worked/Week 34.6, making April 2022 Current Average Earnings/Week at $1,102.01, March was at $1,098.55, February $1,096.02, April 2021 $1,053.98, April 2020 $1,028.39.
  • The Dept of Labor says the Preliminary April 2022 US Consumer Price Index-Urban is at +0.3%, April 2022 Last 12 Months(Unadjusted) is at +8.3%, March was at +8.5%, February +7.9%, April 2021 +4.2%, April 2020 +0.3%, April 2019 +2.0%.
  • The Dept of the Treasury says the April 2022 Federal Government Receipts is at $863.6 billion, Outlays $555.4 billion, making the April 2022 Surplus at a monthly record $308.2 billion, March Deficit was at $192.6 billion, February Deficit $216.6 billion, April 2021 Deficit $225.6 billion, April 2020 Deficit $738.0 billion, April 2019 Surplus $160.3 billion; the April 2022 YTD Deficit(7 Months) is at $360.0 billion, April 2021 YTD Deficit was at $1,931.8 billion, April 2020 YTD Deficit $1,481.5 billion, April 2019 YTD Deficit $530.9 billion.
  • The Dept of Labor says the Preliminary April 2022 US Producer Price Index Change in Monthly Final Demand is at +0.5%, March was at +1.6%, February +1.1%, April 2021 +1.0%, April 2020 -1.1%, April 2019 +0.4%; the April 2022 Last 12 Months Change is at +11.0%, March was at +11.5%, February +10.4%, April 2021 +6.5%, April 2020 -1.5%, April 2019 +2.4%.
  • The Dept of Labor says the Preliminary April 2022 US Change in Import Prices is +0.0%, March was at +2.9%, February +1.8%, April 2021 +0.9%, April 2020 -2.6%, April 2019 +0.2%, the April 2022 Imports Last 12 Months Change is at +12.0%, April 2021 was at +10.6%, April 2020 -6.8%, April 2019 -0.2%; the Preliminary April 2022 US Change in Export Prices is +0.6%, March was at +4.1%, February +3.2%, April 2021 +1.2%, April 2020 -3.5%, April 2019 +0.1%, the April 2022 Exports Last 12 Months Change is at +18.0%, April 2021 was at +14.4%, April 2020 -7.0%, April 2019 +0.3%.
  • The U of Michigan Preliminary May 2022 US Consumer Sentiment Index is at 59.1, April finished at 65.2, March 59.4, April 2021 88.3, April 2020 71.8, April 2019 97.2. “… Consumers’ assessment of their current financial situation relative to a year ago is at its lowest reading since 2013, with 36% of consumers attributing their negative assessment to inflation…”

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The Week 34 of 2021 US Stock Market  News Recap

August 27, 2021 by

The Week 34 of 2021 US Stock Market  News Recap

Stock Market Stocks Investing Investor

Snorting loudly and hoofs pounding The Stock Market Bull takes a 3-0 victory in Week 34, ending the week with record closes for the NASDAQ and S&P500.

By Larry C. Paxton

US Stock Market Indices Summary

Week 34 of 2021 Ending 08/27/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(06/30/21 34,502.51 14,503.95 4,297.50
Previous Month Close(7/30/21) 34,935.47 14,672.68 4,395.26
Record Close Date 08/16/21 08/27/21 08/27/21
Record Close 35,625.40 15,129.50 4,509.37
Week 33-Friday & Close 35,120.08 14,714.66 4,441.67
Week 34-Monday 35,335.71 14,942.65 4,479.53
    Day % Change 0.61% 1.55% 0.85%
Week 34-Tuesday 35,366.26 15,019.80 4,486.23
    Day % Change 0.09% 0.52% 0.15%
Week 34-Wednesday 35,405.50 15,041.86 4,496.19
    Day % Change 0.11% 0.15% 0.22%
Week 34-Thursday 35,213.12 14,945.81 4,470.00
    Day % Change -0.54% -0.64% -0.58%
Week 34-Friday & Close 35,455.80 15,129.50 4,509.37
    Day % Change 0.69% 1.23% 0.88%
Percent Change-Week 0.96% 2.82% 1.52%
Percent Change-Month-to-Date 1.49% 3.11% 2.60%
Percent Change-Quarter-to-Date 2.76% 4.31% 4.93%
Percent Change-Year-to-Date 15.84% 17.39% 20.06%
Percent Change-Record -0.48% 0.00% 0.00%

The Stock Market Bull and Bear Tallies YTD
Week 34 Winner and Tally  Bull 3-0 Win
July Winner and Tally Bull 3-0 Win
Weeks Months YTD
The Stock Market Bull 16 4 Winning
The Stock Market Bear 11 0 Losing
Mixed Result 7 3
  Totals 34 7

The US Stock Market Week 34 Summary:

With a big snort and hoofs pounding the ground The Stock Market Bull swept Monday in a big way, then Tuesday and Wednesday with smaller gains. But The Stock Market Bear decided he wanted to play as well and took Thursday, wiping out much of the Tuesday and Wednesday gains as COVID-19 Delta variant and a suicide bombing at Afghanistan’s Kabul Airport during the emergency evacuations news dominated. But on Friday, with the assistance of some good economic news and plans announced fpr the tapering of bond purchases by the Federal Reserve later this year, The Stock Market Bull returned and had a very nice end to week, closes with record highs for the NASDAQ and S&P500, and takes a clear 3-0 victory for Week 34.

Summary News Items for Week 34:

US Economy News

  • Friday, August 27, 2021

  • The US Dept of Commerce/BEA says the Preliminary July 2021 US Personal Income Annual Rate is at $20.668 trillion, June was at $20.442 trillion, May $20.405 trillion, July 2020 $20.174 trillion, July 2019 $18.688 trillion.
  • The U of Michigan says the Final August 2021 US Consumer Sentiment Index is at 70.3, July 2021 was at 81.2, June 85.5, August 2020 74.1, August 2019 89.8. “The Consumer Sentiment Index fell by 13.4% from July, recording the least favorable economic prospects in more than a decade… Consumers’ extreme reactions were due to the surging Delta variant, higher inflation, slower wage growth, and smaller declines in unemployment. The extraordinary falloff in sentiment also reflects an emotional response, from dashed hopes that the pandemic would soon end and lives could return to normal.”

  • Thursday, August 26, 2021

  • The US Dept of Commerce/BEA says the 2nd Estimate of the 2Q21 US Real Gross Domestic Product Annual Rate is at +6.6%, $22.731 trillion, 1Q21 was at $22.038 trillion, 4Q20 $21.478 trillion, 2Q20 $19.477 trillion, 2Q19 $21.330 trillion.
  • The US Dept of Labor says for the Week Ending 08/21/21 the US Initial Unemployment Insurance Claims 4 Week Moving Average is at 366,500, 07/24/21 was at 394,500, 06/19/21 397,750, 08/22/20 1,068,000, 08/24/19 215,500.
  • FreddieMac says for the Week Ending 08/26/21 the US Average 30 Year Fixed Rate Mortgage is at 2.87% with 0.6 points/fees, 07/29/21 was at 2.80%, 06/24/21 3.02%, 08/27/20 2.91%, 08/29/19 3.58%. “The tug-of-war between the economic recovery and rising COVID-19 cases has left mortgage rates moving sideways over the last few weeks….”
  • TrueCar says the Forecasted August 2021 US Auto Sales-Retail is at 1,077,701 units, Fleet 134,398, for Total Forecasted August 2021 US Auto Sales of 1,212,399 units, July 2021 was at 1,291,775, June 2021 1,300,873, August 2020 1,319,682, August 2019 1,602,276; Forecasted August 2021 Average Auto Transaction Price is at $38,520, August 2020 was at $36,373, August 2019 $34,327.

  • Wednesday, August 25, 2021

  • The US Energy Information Administration says on 08/20/21 the US Millions of Barrels of Crude Oil Stocks are at 432.6, 07/23/21 was at 435.6, 06/25/21 452.3, 08/21/20 507.8, 08/23/19 427.8.

  • Tuesday, August 24, 2021

  • The US Dept of Commerce/HUD says the Preliminary July 2021 US New Family Homes Sold are at a 708,000 units annual rate, June was at 701,000, May 720,000, July 2020 972,000, July 2019 661,000; July 2021 US Median Home Price is at $390,500, June was at $370,200, May 387,300, July 2020 $329,800, July 2019 $308,300.
  • The US Federal Reserve Bank of Philadelphia says the August 2021 US 3rd District Nonmanufacturing General Activity Index is at +39.1, July was at +53.1, June +59.6, August 2020 +1.6, August 2019 +8.5. “The respondents expect overall improvement in conditions over the next six months.”
  • The US Federal Reserve Bank of Richmond says the Preliminary August 2021 US 5th District Manufacturing Index(Annualized) is at +9%, July was at +27%, June +26%, August 2020 +18%, August 2019 +1%. “The composite index declined from 27 in July to 9 in August but remained in expansionary territory… Overall, they were optimistic that conditions would improve in the next six months….”
  • The US Federal Reserve Bank of Richmond says the Preliminary August 2021 US 5th District Service Sector Revenue Index(Annualized) is at +15%, July was at +19%, June +29%, August 2020 +2%, August 2019 +6%. “Respondents reported improved local business conditions and increased capital spending, and they were optimistic that conditions would continue to improve in the coming months….”

  • Monday, August 23, 2021

  • The US Federal Reserve Bank of Chicago says the Preliminary July 2021 US National Activity Index is at +0.53, June was at -0.01, May +0.15, July 2020 +2.66, July 2019 -0.42. “Index points to a pickup in economic growth in July.”
  • The Natl Assn of Realtors says the Preliminary July 2021 US Existing Home Sales Annual Rate is at 5,990,000 units, June was at 5,870,000, May 5,780,000, July 2020 5,900,000, July 2019 5,390,000; the July 2021 US Median Existing Home Price is at $359,900, June was at $363,300, May $350,300, July 2020 $305,600, July 2019 $280,400. “We see inventory beginning to tick up, which will lessen the intensity of multiple offers… Much of the home sales growth is still occurring in the upper-end markets, while the mid- to lower-tier areas aren’t seeing as much growth because there are still too few starter homes available.”

US Government/Other

  • The Delta variant of COVID-19 cases continue at high levels in the US and across the world, especially for non-vaccinated people.
  • The airlift evacuation of US citizens and Afghanistan helpers and their families, due to be completed by August 31, is briefly interrupted when on Thursday a suicide bomber kills 13 US servicemen and 200 Afghans at the Kabul Airport. US President Biden updates the American people, says those responsible will be found and dealt with, airlift continues.
  • Hurricane/Tropical Storm Henri moves up the Northeast coastline of the US with torrential downpours and high winds.
  • The US House of Representatives approves a measure to proceed with developing a $3.5 trillion budget plan for the next fiscal year, also starts work on the $1 trillion infrastructure bill passed by the US Senate.
  • At the Federal Reserve Bank of Kansas City’s Jackson Hole Annual Economics Meeting, which was held remotely, US Federal Reserve Chairman Jerome Powell says the labor market is improving, expects inflation to drop to its 2% target over time, announces plans for a gradual tapering of bond purchases program starting before the end of the year.
  • New York governor Andrew Cuomo’s resignation is effective on Tuesday, August 24th, in response to sexual harassment allegations. Kathy Hochul becomes governor, the first woman to hold that position in New York.
  • The US Biden administration cancels more student loan debts, this time $1.1 billion for ITT students.
  • Gulf of Mexico tropical storm Ida is expected to become a hurricane, to reach landfall around New Orleans.

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The Week 32 of 2021 US Stock Market  News Recap

August 13, 2021 by

The Week 32 of 2021 US Stock Market  News Recap

stocks stock market bull bear PBR1000

In Week 32 of 2021 The Stock Market Bull gets a mixed 2-1 result because The Stock Market Bear did just enough to take the NASDAQ.

By Larry C. Paxton

US Stock Market Indices Summary

Week 32 of 2021 Ending 08/13/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(06/30/21 34,502.51 14,503.95 4,297.50
Previous Month Close(7/30/21) 34,935.47 14,672.68 4,395.26
Record Close Date 08/13/21 08/05/21 08/13/21
Record Close 35,515.38 14,895.12 4,468.00
Week 31-Friday & Close 35,208.51 14,835.76 4,436.52
Week 32-Monday 35,101.85 14,860.18 4,432.35
    Day % Change -0.30% 0.16% -0.09%
Week 32-Tuesday 35,264.67 14,788.09 4,436.75
    Day % Change 0.46% -0.49% 0.10%
Week 32-Wednesday 35,484.97 14,765.14 4,447.70
    Day % Change 0.62% -0.16% 0.25%
Week 32-Thursday 35,499.85 14,816.26 4,460.83
    Day % Change 0.04% 0.35% 0.30%
Week 32-Friday & Close 35,515.38 14,822.90 4,468.00
    Day % Change 0.04% 0.04% 0.16%
Percent Change-Week 0.87% -0.09% 0.71%
Percent Change-Month-to-Date 1.66% 1.02% 1.65%
Percent Change-Quarter-to-Date 2.94% 2.20% 3.97%
Percent Change-Year-to-Date 16.04% 15.01% 18.95%
Percent Change-Record 0.00% -0.48% 0.00%

The Stock Market Bull and Bear Tallies YTD
Week 32 Winner and Tally  Bull 2-1 Mixed Win
July Winner and Tally Bull 3-0 Win
Weeks Months YTD
The Stock Market Bull 15 4 Winning
The Stock Market Bear 10 0 Losing
Mixed Result 7 3
  Totals 32 7

The US Stock Market Week 32 Summary:

It appears that The Stock Market Bull decided to celebrate his Week 31 victory by taking an extra day off on Monday. The Stock Market Bear took advantage and got a 2-1 mixed result, which could have been a 3-0 if he had spent only a minute or two more on the NASDAQ. On Tuesday The Stock Market Bull returned to the field and the roles were reversed with the Bull establishing new closing records on the DJIA and S&P500, but losing the NASDAQ. The Stock Market Bull repeated this performance on Wednesday. On Thursday The Stock Market Bull chased The Stock Market Bear from the field, and repeated that on Friday, scoring 3-0 wins both days. The DJIA and S&P500 each got 4 consecutive days of records to end the week. But The Stock Market Bear did just enough damage on the NASDAQ on Tuesday and Wednesday leaving The Stock Market Bull with a 2-1 mixed result win for Week 32.

Summary News Items for Week 32:

US Economy

  • Friday, August 13, 2021
  • The US Dept of Labor says the Preliminary July 2021 US Change in Monthly Import Prices Index is at +0.3%, June was at +1.1%, May +1.3%, July 2020 +1.2%, July 2019 +0.0%; the July 2021 Last 12 Months Change in Import Prices is at 10.2%, July 2020 was at -3.3%, July 2019 -1.8%; the July 2021 Month Change Exports is at +1.3%, June +1.2%, May +2.3%, July 2020 +1.0%, July 2019 +0.2%; the July 2021 Last 12 Months Change in Export Prices is at 17.2%, July 2020 was at -3.3%, July 2019 -1.8%.
  • The U of Michigan Preliminary August 2021 Consumer Sentiment Index is at 70.2, July was at 81.2, June 85.5, August 2020 74.1, August 2019 89.8. “… There is little doubt that the pandemic’s resurgence due to the Delta variant has been met with a mixture of reason and emotion. Consumers have correctly reasoned that the economy’s performance will be diminished over the next several months, but the extraordinary surge in negative economic assessments also reflects an emotional response, mainly from dashed hopes that the pandemic would soon end….”
  • Thursday, August 12, 2021
  • The US Dept of Labor says the Preliminary July 2021 US Producer Price Index Total Monthly Final Demand is at +1.0%, June was also at +1.0%, May +0.8%, July 2020 +0.5%, July 2019 +0.3%; The July 2021 US Producer Price Index Total Monthly Final Demand-Last 12 Months is at +7.8%, June +7.3%, May +6.6%, July 2020 -0.3%, July 2019 +1.6%.
  • Wednesday, August 11, 2021
  • The US Dept of the Treasury says the July 2021 US Federal Government Receipts are at $262.0 billion, Outlays $564.1 billion, for a July 2021 Deficit of $302.1 billion, June Deficit was at $174.2 billion, May Deficit $132.0 billion, July 2020 Deficit $63.0 billion, July 2019 $119.7 billion; the July 2021 Fiscal Year Deficit YTD(10 months) is at $2,540.0 billion, July 2020 was at $2,807.3 billion, July 2019 $866.8 billion.
  • The US Dept of Labor says the July 2021 US Consumer Price Index Change-All Items is at +0.5%, June was at +0.9%, May +0.6%, July 2020 +0.5%, July 2019 +0.3%; July 2021 Last 12 Months(Unadjusted) is at +5.4%, June was also at +5.4%, May +5.0%, July 2020 +1.0%, July 2019 +1.8%.
  • The US Dept of Labor says the Preliminary July 2021 US Current Average Earnings/Hour is at $30.54, Average Hours Worked/Week is at 34.8, for July 2021 US Current Average Weekly Earnings of $1,062.79, June was at $1,058.96, May $1,054.79, July 2020 $1,016.20, July 2019 $962.12.
  • Tuesday, August 10, 2021
  • The US Dept of Labor says the Preliminary 2Q21 US Business Sector Labor Productivity Output/Hour-All Persons is at +2.7%, 1Q21 was at +4.2%, 4Q20 -4.2%, 2Q20 +10.2%, 2Q19 +4.3%.
  • CoreLogic says the May 2021 US Home Mortgages 30 or More Days Delinquent is at 4.7%, April was also at 4.7%, March 4.9%, May 2020 7.3%, May 2019 3.6%. “… a recent CoreLogic survey of mortgage holders reports 85% of respondents said they maintained employment through the pandemic, which has helped many homeowners avoid delinquency and prevented a broad-scale mortgage crisis.”
  • Monday, August 9, 2021
  • The US Dept of Labor says the the Preliminary June 2021 US Job Openings-Private is at 9,154,000, Government 919,000, for June 2021 US Total Job Openings at 10,073,000, June was at 9,483,000, May 9,193,000, June 2020 6,112,000, June 2019 7,185,000.
  • FannieMae says the July 2021 US Home Purchase Sentiment Index is at 75.8, June was at 79.7, May 80.0, July 2020 74.2, July 2019 93.7. “… consumers continue to report concerns related to high home prices and a lack of homes for sale.”

US Government/Other

  • Daily counts of 100,000 in the US during the week indicate that COVID-19 pandemic has reached much higher levels, especially with the more aggressive Delta variant.
  • The US government is extending the student loan payments pause through January, 2022.
  • The Taliban has captured some more key cities in Afghanistan as the US nearly completes its pullout.
  • The US Senate passes a $1 trillion bipartisan infrastructure support bill. It now goes to the US House of Representatives for its approval.
  • The US Senate passes a $3.5 trillion budget proposal on a 50-49 party line vote.
  • New York governor Andrew Cuomo resigns his office over sexual harassment charges and the resulting threat of an impeachment, to be effective in 14 days, his successor will be Lt. Governor Kathy Hochul who will become New York’s first female governor.
  • US Corporate earnings reports continue to be mostly positive as the economy continues to recover from the COVID-19 pandemic, but guidance is now changing because of concerns for the Delta variant.

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The Week 30 and July of 2021 US Stock Market News Recap

July 30, 2021 by

The Week 30 and July of 2021 US Stock Market  News Recap

stock market stocks investing bull bear PBR1000

The Stock Market Bear wins Week 30 of 2021 but the Stock Market Bull is still without a loss year-to-date on a monthly basis.

By Larry C. Paxton

US Stock Market Indices Summary

Week 30 and July of 2021 Ending 07/30/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(06/30/21 34,502.51 14,503.95 4,297.50
Previous Month Close(06/30/21) 34,502.51 14,503.95 4,297.50
Record Close Date 07/26/21 07/26/21 07/26/21
Record Close 35,144.31 14,840.71 4,422.30
Week 29-Close 35,061.55 14,836.99 4,411.79
Week 30-Monday 35,144.31 14,840.71 4,422.30
Week 30-Tuesday 35,058.52 14,660.58 4,401.46
Week 30-Wednesday 34,930.93 14,762.58 4,400.64
Week 30-Thursday 35,084.53 14,778.26 4,419.15
Week 30-Friday & Close 34,935.47 14,672.68 4,395.26
Percent Change-Week -0.36% -1.11% -0.37%
Percent Change-Month-to-Date 1.25% 1.16% 2.27%
Percent Change-Quarter-to-Date 1.25% 1.16% 2.27%
Percent Change-Year-to-Date 14.14% 13.85% 17.02%
Percent Change-Record -0.59% -1.13% -0.61%

The Stock Market Bull and Bear Tallies YTD
Week 30 Winner and Tally  Bear 3-0 Win
July Winner and Tally Bull 3-0 Win
Weeks Won Months Won YTD
The Stock Market Bull 14 4 Winning
The Stock Market Bear 10 0 Losing
Mixed Result 6 3
  Totals 30 7

The US Stock Market Week 30 Summary:

The Stock Market Bull continued where he left off in Week 29 by establishing another trifecta of record closes on Monday. But The Stock Market Bear prevented The Stock Market Bull from achieving a trifecta of trifectas by dominating Tuesday. On Wednesday The Stock Market Bear got a mixed win. The Stock Market Bull returned with a complete victory on Thursday and looked like Week 30 would end up with a mixed result for somebody. But The Stock Market Bear returned on Friday with a dominating run to get the 3-0 win in Week 30. However, the month of July was another clear win for The Stock Market Bull, who remains unbeaten on a monthly basis for the 7th month in a row in 2021.

Summary News Items for Week 30:

  • The US Dept of Commerce/HUD reports that the Preliminary June 2021 New Family Home Sales Annual Rate was at 676,000 units, May was at 724,000, April 785,000, June 2020 839,000. The June 2021 Median Price was at $361,800, May was at $380,700, April $378,200, June 2020 $341,100. Supply is at 6.3 months.
  • The US Dept of Commerce/Census says that the 2Q21 US Total Housing Units is at 141,794,000, Occupied is at 126,155,000, Owner Occupied is at 82,511,000, for a Homeownership Rate of 65.4%, 1Q21 was at 65.6%, 4Q20 65.8%, 2Q20 67.9%.
  • The S&P CoreLogic Case-Shiller Preliminary May 2021 US National Home Price Index(Jan2000=100) is at 254.92, April was at 249.89, March 243.91, May 2020 218.60, making a +16.6% increase in home price over the past 12 months.
  • TrueCar forecasts July 2021 Total New Vehicle Units Sold to be at 1,292,064 with an average transaction price of $38,188, Average Loan Rate of 4.50% for 70 months.
  • The Conference Board says the Preliminary July 2021 US Consumer Confidence Index(1985=100) is at 129.1, June was at 128.9. “… Consumers’ optimism about the short-term outlook didn’t waver, and they continued to expect that business conditions, jobs, and personal financial prospects will improve.”
  • ADP’s 2Q21 Workforce Vitality Report shows Average Wage Growth of +2.3%, 2Q20 was at +5.7%, Average Wage Level is at $30.85/hour, +0.7% from 2Q20.
  • The US Energy Information Administration says that on 07/23/21 US Crude Oil Stockpiles are at 435.6 million barrels of crude oil, 06/25/21 was at 452.3, 05/21/21 484.3, 07/24/21 526.0.
  • The Federal Open Market Committee met July 27-28, keeps the short term federal funds rate at 0.00%-0.25%, says, “With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen…”
  • The US Dept of Labor says for the week ending 07/24/21 the Weekly Initial Unemployment Insurance Claims are at 400,000, 06/19/21 was at 411,000, 05/22/21 406,000, 07/25/20 1,434,000.
  • FreddieMac reports that for the week ending 07/29/21 the Average 30 Year Fixed Rate Mortgage was at 2.80% with 0.7 points & fees, 06/24/21 was at 3.02%, 05/27/21 2.95%, 07/30/20 2.99%.
  • The US Dept of Commerce says that the 2Q21 Real Gross Domestic Product Annual Rate for the Quarter is at +6.5%, $22.723 trillion, 1Q21 was at +6.3%, 4Q20 +4.5%, 2Q20 -31.2%.
  • The US Dept of Labor says the 2Q21 Employment Cost Index, All Civilian Workers(12/2005=100) is at 144.7, 1Q21 was at 143.7, 4Q20 142.4, 2Q20 140.7.
  • The US Dept of Commerce/BEA reports that the Preliminary June 2021 US Personal Income Annual Rate is at $20.414 trillion, May was at $20.388 trillion, April $20.853, June 2020 $20.033 trillion.
  • Market News International(MNI) says that the July 2021 Chicago Business Barometer(>50 is gaining) at 73.4, June was at 66.1, May 75.2, July 2020 51.9. “Demand is strong but firms remain concerned about supply chain disruptions and rising prices.”
  • The American Automobile Assn says that on 07/30/21 the US Average Price for a Gallon of Regular Gas is at $3.168, 06/30/21 was at $3.118, 05/28/21 $3.044, 07/31/20 $2.189.
  • The US Dept of the Treasury says that on 07/29/21 US National Debt-Public is at $22.267 trillion, Intragovernmental $6.193 trillion, for US Total National Debt of $28.460 trillion, 06/30/21 was at $28.530 trillion, 05/28/21 $28.199 trillion, 07/30/20 $26.525 trillion.
  • On 07/30/21 the Gold Price/Ounce closed at $1,817.20, 06/30/21 was at $1,771.60, 05/28/21 $1,906.30, 07/31/21 $1,985.90.
  • The US Dept of the Treasury reports that the 07/30/21 US 10 Year Treasury Note Yield is at 1.24%, 06/30/21 was at 1.45%, 05/28/21 1.58%, 07/31/21 0.55%.
  • At the close of 07/30/21 the US Dollar Price for a Euro was $1.1869, 06/30/21 was at $1.1858, 05/28/21 $1.2195, 07/31/20 $1.1781.
  • At 11:59PM ET on 07/30/21 the price of a Bitcoin is at $41,829, 06/30/21 was at $34,585, 05/28/21 $30,445, 07/31/20 $8,608.
  • The U of Michigan Final July 2021 Consumer Sentiment Index is at 81.2, June was at 85.5, May 82.9, July 2020 72.5. “While most consumers still expect inflation to be transitory, there is growing evidence that an inflation storm is likely to develop on the not too distant horizon.”
  • US President Biden announces the end of US combat missions in Iraq.
  • After several weeks of negotiations on Friday the US Senate votes to take up a $1 trillion infrastructure bill.
  • The COVID-19 Delta variant cases continue to increase. As a result the US Center for Disease Control recommends that everyone wear a mask when in public places.
  • The Tokyo Olympics 2020 starts the first full week of competition.
  • US/China relations continue to struggle on many fronts.
  • North and South Korea restore communication channels, agree to improve ties.
  • China continues its crackdown on its high technology firms.

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The Week 29 of 2021 US Stock Market  News Recap

July 23, 2021 by

The Week 29 of 2021 US Stock Market  News Recap

Stock Market PBR1000 Snapshots Recap

The Stock Market Bear took a huge bite out of the 3 major US stock indices on Monday of Week 29, but The Stock Market Bull charged back the rest of the week and ends with another trifecta of records on Friday.

By Larry C. Paxton

US Stock Market Indices Summary

Week 29 of 2021 Ending 07/23/21
DJIA NASDAQ S&P500
Previous Year Close(12/31/20) 30,606.48 12,888.28 3,756.07
Previous Quarter Close(06/30/21 34,502.51 14,503.95 4,297.50
Previous Month Close(06/30/21) 34,502.51 14,503.95 4,297.50
Record Close Date 07/23/21 07/23/21 07/23/21
Record Close 35,061.55 14,836.99 4,411.79
Week 28 Close 34,687.85 14,427.24 4,327.16
Week 29-Monday 33,962.04 14,274.98 4,258.49
Week 29-Tuesday 34,511.99 14,498.88 4,323.06
Week 29-Wednesday 34,798.00 14,631.95 4,358.69
Week 29-Thursday 34,823.35 14,684.60 4,367.48
Week 29-Friday & Close 35,061.55 14,836.99 4,411.79
Percent Change-Week 1.08% 2.84% 1.96%
Percent Change-Month-to-Date 1.62% 2.30% 2.66%
Percent Change-Quarter-to-Date 1.62% 2.30% 2.66%
Percent Change-Year-to-Date 14.56% 15.12% 17.46%
Percent Change-Record 0.00% 0.00% 0.00%

The Stock Market Bull and Bear Tallies YTD
Week 29 Winner and Tally  Bull 3-0 Win
June Winner and Tally Bull 2-1 Mixed Win
Weeks Months YTD
The Stock Market Bull 14 3 Winning
The Stock Market Bear 9 0 Losing
Mixed Result 6 3
  Totals 29 6

The US Stock Market Week 29 Summary:

In a reverse from Week 28 The Stock Market Bull was nowhere to be found in the pasture on Monday. The Stock Market Bear pounced on the opportunity and took a big bite out of all 3 major US stock indices. When The Stock Market Bull returned and saw what had happened, he aggressively took action by goring The Stock Market Bear each day thereafter, had recovered all losses by Thursday, and finished Week 29 with the 3-0 trifecta of record closes.

Summary News Items for Week 29:

  • The Natl Assn of Home Builders/Wells Fargo Preliminary July 2021 Housing Market Index is at 80, June was at 81, May 83, July 2020 72, concerns remain for availability of materials and labor.
  • The US Dept of Commerce/HUD says June 2021 Building Permits Issued Annual Rate is at 1,598,000, May was at 1,683,000, April 1,733,000, June 2020 1,296,000.
  • The US Reserve Bank of Philadelphia says the US 3rd District Nonmanufacturing General Activity Index for July 2021 is at +53.1, June was at +59.6, May +36.9, July 2020 +0.7.
  • The Natl Assn of Realtors reports that the US Existing Home Sales Annual Rate for July 2021(Preliminary) is at 5,860,000 units, June was at 5,780,000, May 5,850,000, June 2020 4,770,000.
  • The US Federal Reserve Bank of Chicago calculates that the US National Activity Index for June 2021(Preliminary) is at +0.09, May was at +0.29, April -0.09, June 2020 +5.88.
  • The Conference Board Leading Economic Index(2016=100) for June 2021 is at 115.1, May was at 114.4, April 113.2, June 2020 103.1.
  • The US Dept of Labor says the US Weekly Initial Jobless Claims jump 51,000 to 419,000 in mid-July.
  • The COVID-19 virus Delta variant rate continues to rise worldwide, especially among people who have not been vaccinated.
  • The OPEC+ nations finally agree on an increase in oil production.
  • In space tourism Amazon founder Jeff Bezos, his brother, an 82 year old female former US astronaut candidate, and a Danish 18 year old young man have a successful 10+ minute journey into space.
  • The Milwaukee Bucks overcome a 2-0 games deficit against the Phoenix Suns to win the Natl Basketball Assn championship series 4-2, its first since winning 50 years ago.
  •  In the US Senate Republicans block a vote on an infrastructure plan test vote, insist on more details.
  • US States announce a $26 billion settlement with drug distributors to resolve opioid lawsuits.

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The Week 25 of 2021 US Stock Market and News Recap

June 27, 2021 by

The Week 25 of 2021 US Stock Market and News Recap

Stock Market PBR1000 Snapshots Recap Bull Bear

After his loss in Week 24 The Stock Market Bull rampages back, overwhelms The Stock Market Bear, breaks records, and has a big smile at the end of Week 25 of 2021.

By Larry C. Paxton

US Stock Market Indices Summary
Week 25 of 2021 Ending 06/25/21
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(05/28/21) 34,529.45 13,748.74 4,204.11
Record Close Date 05/07/21 06/24/21 06/25/21
Record Close 34,777.76 14,369.71 4,280.70
Week 24 Close 33,290.08 14,030.38 4,166.45
Week 25 Close 34,433.84 14,360.39 4,280.70
Percent Change-Week 3.44% 2.35% 2.74%
Percent Change-Month -0.28% 4.45% 1.82%
Percent Change-Quarter 4.40% 8.41% 7.75%
Percent Change-YTD 12.51% 11.42% 13.97%
Percent Change-Record -0.99% -0.06% 0.00%

The Stock Market Bull and Bear Tallies YTD
Week 25 Winner and Tally  Bull 3-0 Win
May Winner and Tally Bull 2-1 Mixed Win
Weeks Months YTD
The Stock Market Bull 11 3 Ahead
The Stock Market Bear 8 0
Mixed Result 6 2
  Totals 25 5

The US Stock Market Week 25 Summary:

The Stock Market Bull had a big day on Monday and pretty much kept the momentum going all week, established 3 new record highs on the NASDAQ and 2 on the S&P500, finishes with a convincing Week 25 3-0 win, redeeming himself somewhat from his loss the previous week to The Stock Market Bear.

Week 25 News Summary:

Coronavirus Pandemic: 

  • As of Friday, 06/25/21, at 3:21PM Eastern US, the John Hopkins University CSSE unit says there are now 180,267,388 confirmed cases globally with 3,905,890 deaths, +60,859 from last week, which is -7,839 from the prior week. For the US it is 33,601,692 confirmed cases and 603,516 deaths, +2,277 from last week, which is +122 from the prior week. The US is closing in on the goal to have at least 70% of the target population have at least 1 shot by July 4th, but vaccination rates have slowed and might result in falling just short. Vaccines are still free through a variety of programs and offered through several government programs and pharmacies. Several states continue to provide incentives to get vaccinated.  More doses are being acquired for distribution to underserved populations worldwide, but there are often logistical issues, concerns about the special conditions required to keep the vaccines viable, and using the vaccines before expiration dates.

US Federal Government:

  • Friday, June 25, 2021
  • VP Harris takes a trip to Texas to make her first official visit to the US/Mexico border to review immigration issues.
  •  Thursday, June 24, 2021
  • US President Biden announces that in negotiations with US Senators that an infrastructure development plan has been agreed to, details to be worked out.
  • The US Federal Housing Finance Agency has extended the COVID-19 Foreclosure and REO Eviction Moratoriums from 06/30/21 to 07/31/21.
  • US House of Representatives Speaker Pelosi announces the formation of a select committee to investigate the January 6 attack on the capital building.

US Economy

  • Friday, June 25, 2021
  • The US Dept of Commerce/BEA says the Preliminary May 2021 US Personal Income Annual Rate is at $20.804 trillion, April 2021 was at $21.219 trillion, March 2021 $24.421 trillion, May 2020 $20.246 trillion.
  • The US Federal Reserve Board announces it will extend for a final time its Paycheck Protection Program Liquidity Facility, or PPPLF, by an additional month to 07/30/21.
  • The U of Michigan Final June 2021 Consumer Sentiment Index is at 85.5, May 2021 was at 82.9, April 2021 88.3, May June 2020 78.1. “While many are optimistic about a gradual end to the pandemic, consumers still judged the risks from emerging covid variants as appreciable. It is likely that consumers will not reduce their savings and wealth to pre-pandemic levels, but maintain a higher level of precautionary funds.”
  • Thursday, June 24, 2021
  • The US Federal Reserve Board releases results of annual bank stress tests, which show that large banks continue to have strong capital levels and could continue lending to households and businesses during a severe recession.
  • The US Dept of Commerce/BEA says the 1Q21 US Real Gross Domestic Product Annual Rate remains at +6.4%, $22.062 trillion, 4Q20 was at +4.3%, $21.495 trillion, 3Q20 +33.4%, $21.170 trillion, 1Q20 -5.0%, $21.561 trillion.
  • The US Dept of Labor says the June 19, 2021 US Initial Unemployment Claims 4 Week Average is at 397,750, May 22, 2021 was at 458,750, April 24, 2021 611,750, June 20, 2020 1,620,750.
  • FreddieMac says on June 24, 2021 the US Average 30 Year Fixed Home Mortgage Rate is at 3.02% with 0.7 points & fees, May 27, 2021 was at 2.95%, April 29, 2021 2.98%, June 25, 2020 3.13%. “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year.”
  • Wednesday, June 23, 2021
  • The US Dept of Commerce/HUD says the Preliminary May 2021 US New Family Home Sales Annual Rate is at 769,000 units, April 2021 was at 817,000, March 2021 886,000, May 2020 704,000; the May 2021 Median New Home Sale Price is at $374,400, April 2021 was at $365,300, March 2021 $348,300, May 2020 $317,100.
  • The US Dept of Commerce/BEA says the Preliminary 1Q21 US Exports of Goods, Services & Income Receipts is at $888.745 billion, US Imports $1,084.485 billion, for a 1Q21 Trade Deficit of $195.740 billion, 4Q20 Trade Deficit was at $175.078 billion, 3Q20 $172.362 billion, 1Q20 $114.788 billion.
  • Tuesday, June 22, 2021
  • US Federal Reserve Chairman Powell testifies in Congress, says the expectation is that there will be a short term inflationary period that will moderate over the long term.
  • The Natl Assn of Realtors reports that the Preliminary May 2021 US Existing Home Sales Annual Rate is at 1,580,000 units, April 2021 was at 1,585,000, March 2021 6,010,000, May 2020 4,010,000; the Preliminary May 2021 US Existing Home Median Price is at $350,300, April 2021 was at $341,600, March 2021 $329,100, May 2020 $283,500.
  • The US Federal Reserve Bank of Philadelphia says the June 2021 US 3rd District Non-Manufacturing General Activity Index is at 59.6, May 2021 was at 36.9, April 2021 36.3, June 2020 -3.6. “The respondents expect overall improvement in conditions over the next six months, as both future activity indexes rose.”
  • Monday, June 21, 2021
  • The US Federal Reserve Bank of Chicago says the Preliminary May 2021 US National Activity Index is at +0.29, April 2021 was at -0.09, March 2021 +2.22, May 2020 +4.62. “Index points to a pickup in economic growth in May.”

US Corporate

  • Friday, June 25, 2021
  • Amazon(PBR2 $AMZN) says it sold 70+ million items for $1.9+ billion over its 2 week promotion period for its June 21-22 Prime Days.
  • eBay(PBR285 $EBAY) completed the transfer of its Classifieds business to Norway based Adevinta(OSLO: ADE) in exchange for $2.5 billion in cash and a 44% equity stake in Adevinta, equivalent to approximately 540 million shares.
  • Rockwell Automation(PBR425 $ROK) to acquire pure software-as-a-service, cloud-native smart manufacturing platform provider Plex Systems for $2.22 billion, to close by 09/30/21.
  • Thursday, June 24, 2021
  • Microsoft(PBR15 $MSFT) launches its new Windows 11 operating system.
  • eBay(PBR285 $EBAY) to sell 80.01% of its S Korea business to Emart for around $3.0 billion, to close in late 2021 or early 2022.
  • Boston Scientific(PBR294 $BSX) to exercise option to acquire the 73% of Farapulse it does not own for $295 million, plus up to $92 million upon achievement of certain clinical and regulatory milestones as well as additional revenue-based payments for the next three years, to close in 3Q21.
  • Brunswick(PBR573 $BC) to acquire Norway based privately held $470 million in revenues for 12 months ending 05/31/21 Navico, a global leader in marine electronics and sensors, for $1.05 billion, to close in 2H21.
  • Wednesday, June 23, 2021
  • VISA(PBR129 $V) to acquire European open banking platform Tink for around $2.2 billion cash.
  • PVH(PBR392 $PVH) to sell certain intellectual property and other assets of its Heritage Brands business, including the IZOD, Van Heusen, ARROW and Geoffrey Beene brand trademarks, to Authentic Brands Group for approximately $220 million cash, to close in 3Q21.
  • Electronic Arts(PBR466 $EA) to acquire AT&T(PBR11 $T)’s WarnerMedia’s Warner Bros Games’ Playdemic, Ltd., the mobile games studio responsible for Golf Clash, for $1.4 billion cash.
  • Corteva(PBR209 $CTVA) CEO Jim Collins Jr to retire by 12/31/21, new CEO search starts.
  • Southwest Airlines(PBR325 $LUV) Chairman/CEO Gary Kelly to transition to Executive Chairman, EVP Corporate Services Robert Jordan to become CEO and Board member on 02/01/22.
  • Tuesday, June 22, 2021
  • GameStop(PBR506 $GME) completes sale of 5 million shares of common stock, generates gross proceeds of $1.126 billion, will use net proceeds for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet.
  • Splunk(PBR826 $SPLK) gets $1 billion investment in convertible senior notes from tech investing firm Silver Lake.
  • Monday, June 21, 2021
  • L Brands(PBR246 $LB) files Form 10 with the US SEC regarding its spin-off of Victoria’s Secret & Co planned for 08/21.
  • Westlake Chemical(PBR377 $WLK) to acquire the N American building products businesses in roofing; siding, trim and shutters; decorative stone; and windows from Boral Limited (ASX: BLD) for $2.15 billion cash, to close in 2H21.
  • Ingersoll-Rand(PBR516) to acquire Germany based $200 million in annual revenues positive displacement pump manufacturer Seepex GmbH for around $525 million cash, to close in 3Q21.
  • KKR(PBR581 $KKR) to acquire a majority stake in Vini Cosmetics, a leading branded personal care and beauty products company in India, for $625 million, to close in 07/21.

 

US Society:

  • The Minneapolis police officer convicted of the killing of George Floyd in May 2020 gets a 22.5 year prison sentence.

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Disclaimers: The research PBRMarketTools.com provides is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. We provide information only and it should not be regarded as recommendations or advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This business intelligence report is provided by: 

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The Week 24 of 2021 US Stock Market and News Recap

June 18, 2021 by

The Week 24 of 2021 US Stock Market and News Recap

Stock Market Bear Bull Investing Recap

Week 24 started with The Stock Market Bull achieving new record highs for the NASDAQ and S&P500. It was downhill from there. The Stock Market Bear gets a 3-0 win, his first outright win since Week 19.

By Larry C. Paxton

US Stock Market Indices Summary
Week 24 of 2021 Ending 06/18/21
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(05/28/21) 34,529.45 13,748.74 4,204.11
Record Close Date 05/07/21 06/14/21 06/14/21
Record Close 34,777.76 14,174.14 4,255.15
Week 23 Close 34,479.60 14,069.42 4,247.44
Week 24 Close 33,290.08 14,030.38 4,166.45
Percent Change-Week -3.45% -0.28% -1.91%
Percent Change-Month -3.59% 2.05% -0.90%
Percent Change-Quarter 0.94% 5.91% 4.87%
Percent Change-YTD 8.77% 8.86% 10.93%
Percent Change-Record -4.28% -1.01% -2.08%

The Stock Market Bull and Bear Tallies YTD
Week 24 Winner and Tally  Bear 3-0 Win
May Winner and Tally Bull 2-1 Mixed Win
Weeks Months YTD
The Stock Market Bull 10 3 Ahead
The Stock Market Bear 8 0
Mixed Result 6 2
  Totals 24 5

The US Stock Market Week 24 Summary:

On Monday The Stock Market Bull took charge and established new record highs on the NASDAQ and S&P500. Proud of his achievement he decided to take the rest of the week off. The Stock Market Bear takes all 5 days on the DJIA, 3 days on the NASDAQ, 4 days on the S&P500, and ends up with a Week 24 3-0 win, his first outright victory since Week 19.

Week 24 News Summary:

Coronavirus Pandemic: 

  • As of today, Friday, 06/18/21, at 1:22PM Eastern US, the John Hopkins University CSSE unit says there are now 177,586,893 confirmed cases globally with 3,845,031 deaths, +68,698 from last week, which is -2,435 from the prior week. For the US it is 33,517,146 confirmed cases and 601,239 deaths, +2,156 from last week, which is -17 from the prior week. In the US the push is still being made to have at least 70% of the target population have at least 1 shot by July 4th, which still appears to be achievable. Vaccines are readily available through several of the usual sources across the US. Quite a few states are offering a variety of incentives and rewards to get vaccinated. More doses are being acquired for distribution to underserved populations worldwide, but there are often logistical issues, concerns about the special conditions required to keep the vaccines viable, and using the vaccines before expiration dates.

US Federal Government:

  • US President Biden returns from his 6 day trip to Europe for the G-7 gathering, his meeting with Russia President Putin, and discussions with other world leaders. More in the International section.
  • US President Biden signs the Juneteenth Act creating June 19 as a federal holiday. More in the Society section.
  • The infrastructure development plan continues to be discussed and more options are being proposed. Senator Bernie Sanders proposes an even larger bill of around $6 trillion that will include healthcare and other national items as well.

US Economy: 

  • Friday, June 18, 2021:
  • Juneteenth Federal holiday
  • No economic news releases.

 

  • Thursday, June 17, 2021:
  • The US Dept of Labor says the 1Q21 US Employer Average Cost/Employee Hour-Wages is at $26.84, Benefits $12.18, for 1Q21 US Employer Total Average Cost/Employee Hour of $39.02, 4Q20 was at $38.60, 3Q20 $38.26, 1Q20 $37.73.
  • The US Federal Reserve Bank of Philadelphia says the June 2021 3rd District Manufacturing General Activity Indicator is at 30.7, May 2021 was at 31.5, April 2021 50.2, June 2020 24.7. “Responses … suggest continued expansion in regional manufacturing conditions this month. The survey’s future indexes indicate that respondents expect growth over the remainder of the year.”
  • The Conference Board says the Preliminary May 2021 Leading Economic Index(2016=100) is at 114.5, April 2021 was at 113.2, March 2021 111.9. “After another large improvement in May, the U.S. LEI now stands above its previous peak reached in January 2020 (112.0), suggesting that strong economic growth will continue in the near term…”

 

  • Wednesday, June 16, 2021:
  • The US Federal Open Market Committee releases its statement for its meetings held 06/15-16/21, decides to keep the federal funds rate at 0.00-0.25%, “will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee’s maximum employment and price stability goals.”
  • The US Dept of Commerce/HUD says the Preliminary May 2021 US Home Building Permits Issued Annual Rate is at 1,681,000, April 2021 was at 1,733.000, March 2021 1,755,000, May 2020 1,246,000.
  • The US Dept of Labor says the Preliminary May 2021 US Import Prices Monthly Change is at +1.1%, Exports +2.2%, Imports Last 12 Months +11.3%, Exports Last 12 Months +17.4%.

 

  • Tuesday, June 15, 2021:
  • The US Dept of Labor says the Preliminary May 2021 US Final Demand Producer Price Index is at +0.8%, April 2021 was at +0.6%, March 2021 +1.0%, May 2020 +0.4%; May 2021 Last 12 Months is at +6.6%, April 2021 +6.2%, March 2021 +4.2%, May 2020 -1.1%.
  • The US Federal Reserve Board says the Preliminary May 2021 US Factories Capacity Utilization is at 75.2%, April 2021 was at 74.6%, March 2021 74.6%, May 2020 64.8%.
  • The US Dept of Commerce/Census says the Preliminary April 2021 US Sales-Manufacturers is at $487.8 billion, Retail $562.6 billion, Wholesalers $570.8 billion, for April 2021 US Sales-Total at $1,621.1 billion, March 2021 was at $1,611.9 billion, February 2021 $1,549.9, April 2020 $1,158.0.
  • The Natl Assn of Home Builders/Wells Fargo Preliminary June 2021 US Housing Market Index is at 81, May 2021 was at 83, April 2021 83, June 2020 58. “Despite the monthly decline, the reading above 80 is still a signal of strong demand in a housing market lacking inventory… Higher costs and declining availability for softwood lumber and other building materials pushed down builder sentiment in June.”
  • The US Federal Reserve Bank of New York says the June 2021 US Empire State Manufacturing General Business Conditions Index is at +17.4, May 2021 was at +24.3, April 2021 +26.3, June 2020 -0.2. “Business activity continued to expand in New York State, though at a slower pace than last month… firms remained optimistic that conditions would improve over the next six months…”

 

  • Monday, June 14, 2021:
  • No US economic news released.

Corporate News: 

  • Friday, June 18, 2021:
  • Boeing(PBR55 $BA) successfully completes its first test flight of the 737-10, the largest airplane in its 737 MAX line.

 

  • Thursday, June 17, 2021:
  • Danaher(PBR127 $DHR) to acquire privately-held Fargo, ND based 600 employees Aldevron, a manufacturer of high-quality plasmid DNA, mRNA, and proteins, for approximately $9.6 billion cash.
  • Fox Corp(PBR240 $FOX) authorizes incremental stock repurchases of up to an additional $2 billion of Class A common stock and Class B common stock, total stock repurchase authorization is now $4 billion of which more than $1.56 billion has been completed to date.
  • Pilgrim’s Pride(PBR244 $PPC) to acquire the Meats and Meals business of Kerry Consumer Foods in the UK for around $952 million, to close in 4Q21.
  • Alexandria Real Estate(PBR881 $ARE) says it has closed on its public offering of 7 million shares of common stock at $184.00/share.
  • Viavi Solutions(PBR988 $VIAV) proposal to qcquire Canada based EXFO(TSX: EXF, NASDAQ: EXFO), in the communications test and measurement industry, for $7.50/share, around $430 million, 103% to the NASDAQ closing price on 06/04/21, has been rejected by EXFO.
  • Microsoft(PBR15 $MSFT) CEO Satya Nadella unanimously elected to also be Chairman, Chairman John W. Thompson now Lead Independent Director.

 

  • Wednesday, June 16, 2021:
  • Tenet Healthcare(PBR162) to sell five hospitals and related hospital operations in the Miami-Dade and Southern Broward counties to Steward Health Care System for around $1.1 billion, to close in 3Q21.
  • Elanco Animal Health(PBR670 $ELAN) to acquire KindredBio(NASDAQ: KIN), a biopharmaceutical company focused on developing novel pet therapeutics based on validated human targets, for $9.25/share, around $440 million, to close in 3Q21.
  • Viavi Solutions(PBR988) proposes to acquire Canada based EXFO(TSX: EXF, NASDAQ: EXFO), in the communications test and measurement industry, for $7.50/share, around $430 million, 103% to the NASDAQ closing price on 06/04/21.

 

  • Tuesday, June 15, 2021:
  • Lithia Motors(PBR225 $LAD) has acquired the Southwest Kia Auto Group with five locations in the major metropolitan markets of Austin and Dallas, TX, to add $350 million in annual revenues.

 

  • Monday, June 14, 2021:
  • No corporate releases of interest.

 

US Society:

  • US President Biden signs the Juneteenth Act to observe the end of US slavery, commemorating June 19, 1865, as the day in Galveston, Texas when the news of emancipation was finally announced in the deepest parts of the Confederacy.

International News: 

  • The G-7 meeting in England finishes up with US President Biden urging competition with China.
  • In Geneva US President Biden met with Russia President Putin, expressed his concern about Russian cybersecurity hackers, presented a list of “off limits” infrastructure targets. Other issues were addressed, no decisions were made, but starting points for further discussions were created.
  • N Korea leader Kim Jong-un says he is ready for dialogue and confrontation with the US, admits facing a tense food shortage.
  • Israel has a new leader, Naftali Bennett, succeeding long time leader Benjamin Netanyahu who continues to face legal issues, but the coalition that succeeded in the ouster is fragile.
  • China launches its first crew to its space station.

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The Week 21 of 2021 US Stock Market and News Recap

May 29, 2021 by

The Week 21 and May of 2021 US Stock Market and News Recap

stocks stock market bull bear investing PBR1000

The Stock Market Bull gets a mixed 2-1 win in May 2021 because The Stock Market Bear managed to hold onto the NASDAQ, who remains winless on a monthly basis for 2021.

By Larry C. Paxton

US Stock Market Indices Summary
Week 21  and May of 2021 Ending 05/28/21
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(04/30/21) 33,874.85 13,962.68 4,181.17
Record Close Date 05/07/21 04/26/21 05/07/21
Record Close 34,777.76 14,138.78 4,232.60
Week 20 34,207.84 13,470.99 4,155.86
Week 21 34,529.45 13,748.74 4,204.11
Percent Change-Week 0.94% 2.06% 1.16%
Percent Change-Month 1.93% -1.53% 0.55%
Percent Change-Quarter 4.69% 3.79% 5.82%
Percent Change-YTD 12.82% 6.68% 11.93%
Percent Change-Record -0.71% -2.76% -0.67%

The Stock Market Bull and Bear Tallies YTD
Week 21 Winner and Tally  Bull 3-0 Win
May Winner and Tally Bull 2-1 Mixed Win
Weeks Months YTD
The Stock Market Bull 9 3 Ahead
The Stock Market Bear 7 0
Mixed Result 5 2
  Totals 21 5

US Stock Exchanges Week 21 Summary:

The Stock Market Bull made a determined charge and had a good day at the pasture on Monday. The Stock Market Bear attempted a rather half-hearted but nevertheless moderately successful day on Tuesday. The rest of the week The Stock Market Bull prevailed, not dramatically, more like a relaxed grazing time with The Stock Market Bear out of sight, who was more occupied with making plans for the 3 day Memorial Day weekend. The Stock Market Bull gets an easy 3-0 win for Week 21, but has to settle for a mixed 2-1 result for May.

Week 21 News Summary:

Coronavirus Pandemic: As of today, Friday, 05/28/21, at 2:20PM Eastern US, the John Hopkins University CSSE unit says there are now 169,148,029 confirmed cases globally with 3,514,921 deaths, +80,728 from last week, which is -4,513 from the prior week. For the US it is 33,234,714 confirmed cases and 593,845 deaths, +4,710 from last week, which is +648 from the prior week. Over 50% of US adults are now fully vaccinated. Vaccines are readily available across the US for ages 12 and up. Many poorer countries continue to struggle to get vaccines and have higher infection rates. There is some talk about needing booster shots in the future to counter COVID-19 variants and some pharmaceuticals are gearing up development. The cause of the initial outbreak in China is once again making news, with the US and the World Health Organization talking about putting together a commission to determine the source.

US Federal Government: US President Joe Biden’s administration’s revised $1.7 billion infrastructure development plan has been met with a Republican counter proposal for $928 billion. President Biden has also offered up a proposed $6 trillion US budget for the 2022 fiscal year and which will most assuredly also meet resistance.

US Economy: The Federal Reserve Bank of Chicago reports that the US National Activity Index for April is at +0.24, indicating moderate economic growth. New Family Home Sales for April dropped 5.9% from March to an annual rate of 863,000 homes. FreddieMac said the average 30 Year Fixed Mortgage Rate dropped to 2.95% with 0.7 points/fees. The S&P CoreLogic Case-Shiller indicated that US Home Prices in March grew 13.2% from the previous year. The TrueCar forecast for May New Auto Sales is at 1,509,221 units, a 35.8% increase over the previous year. The Conference Board Preliminary May Consumer Confidence Index is at 117.2, a slight drop from April, and approaching pre-pandemic levels. US Weekly Initial Job Claims took a nice dip to 406,000 for the week ending 05/22/21. The 2nd estimate of the US Annual Real Gross Domestic Product for 1Q21 remained at +6.4%. The US April Personal Annual Income Rate is at $21.195 trillion, a drop of 13.1% from March, an effect caused by stimulus checks having been paid in March. The American Automobile Association says the average price for a gallon of regular gas on 05/28/21 is at $3.044, it was $1.972 on 05/29/20. The US Treasury says the US National Debt on 05/25/21 was at $28.188 trillion, it was $25.752 trillion on 05/31/20. On 05/28/21 the yield on a 10 Year US Treasury Note is at 1.58%, it was 0.65% on 05/29/20. On 05/28/21 it would cost $1.2195 to buy a Euro. The University of Michigan Final May Consumer Sentiment Index is at 82.9, April was at 88.3, May 2020 was at 72.3.

Corporate News: Cabot Oil & Gas(PBR956) and Cimarex Energy(PBR939) to merge in an all stock deal, will create a new company with an enterprise value of $17 billion. IAC(PBR698) completes spin-off of its Vimeo unit as an independent public company. Amazon(PBR2) to acquire MGM for $8.45 billion. Amazon(PBR2) announces Andy Jassy will become its CEO on 07/05/21, succeeds Jeff Bezos who becomes Executive Chairman.  Mondelez(PBR102) to acquire Greece-based Chipita for $2 billion. There were some initial public offerings during the week. Airlines are seeing increased passenger traffic, cruise lines announced some summer voyages departure dates, and theme parks are opening as the COVID-19 pandemic starts to subside and more relaxed rules are implemented.

Society: It was a relatively quiet week, which included the 1 year remembrance of the death of George Floyd on 05/25/20 by a Minneapolis policeman who has since been convicted.

International News: The ceasefire between Israel and Hamas has held so far with more details being worked out. US President Biden and Russia President Putin have agreed to meet in Geneva, Switzerland, on 06/16/21 to discuss relations between the two countries. The Russian government continues to deny it has anything to do with cyberattacks on US organizations.

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The Week 20 of 2021 US Stock Market and News Recap

May 21, 2021 by

The Week 20 of 2021 US Stock Market and News Recap

stocks stock market bull bear PBR1000

The Stock Market Bull wins only one day on the NASDAQ, but it was big enough, The Stock Market Bear has to settle for a mixed 2-1 result in Week 20.

By Larry C. Paxton

US Stock Market Indices Summary
Week 20  of 2021 Ending 05/21/21
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(04/30/21) 33,874.85 13,962.68 4,181.17
Record Close Date 05/07/21 04/26/21 05/07/21
Record Close 34,777.76 14,138.78 4,232.60
Week 19 34,382.13 13,429.98 4,173.85
Week 20 34,207.84 13,470.99 4,155.86
Percent Change-Week -0.51% 0.31% -0.43%
Percent Change-Month 0.98% -3.52% -0.61%
Percent Change-Quarter 3.72% 1.69% 4.61%
Percent Change-YTD 11.77% 4.52% 10.64%
Percent Change-Record -1.64% -4.72% -1.81%

The Stock Market Bull and Bear Tallies YTD
Week 20 Winner and Tally  Bear 2-1 Mixed Win
April Winner and Tally Bull 3-0 Win
Weeks Months YTD
The Stock Market Bull 8 3 Ahead
The Stock Market Bear 7 0
Mixed Result 5 1
  Totals 20 4

US Stock Exchanges Week 20 Summary:

Week 20 was almost a duplicate of Week 19. The Stock Market Bear came out strong again on the first 3 days. But The Stock Market Bull decided to show up at the pasture and took Thursday in a big way, especially the NASDAQ. Friday was a split with The Stock Market Bull taking only the DJIA. The Thursday win by a large margin on Thursday by The Stock Market Bull spoils The Stock Market Bear‘s effort to ace 2 weeks in a row. Week 20 was a lot less volatile than Week 19 and The Stock Market Bear has to settle for a 2-1 mixed result. Week 21 will be the last week for May and unless something dramatic happens, May will probably end with a mixed result as well.

Week 20 News Summary:

Coronavirus Pandemic: As of today, Friday, 05/21/21, at 2:21PM Eastern US, the John Hopkins University CSSE unit says there are now 165,713,514 confirmed cases globally with 3,434,193 deaths, +85,241 from last week, which is -2,728 from the prior week. For the US it is 33,079,478 confirmed cases and 589,135 deaths, +4,062 from last week, which is -207 from the prior week. Vaccines are readily available, there is really no excuse to not get vaccinated unless your personal beliefs are against such vaccinations. The CDC’s lowering recommendations for using masks has caused some confusion. India and Brazil cases and deaths rise again in the week.

US Federal Government: US President Joe Biden’s administration has lowered the proposed infrastructure development plan from $1.9 trillion to $1.7 trillion in an effort to get enough Republicans to accept the plan.

US Economy: The Federal Open Market Committee released the minutes of its late April meeting. Inflation, short term interest rates adjustments, and bond buying programs generated a lot more discussion than in previous sessions. The Federal Reserve also indicated that it will be making some comments about digital currencies in the next few months. Weekly initial jobless claims took another downward dip to 444,000, the lowest since the start of the pandemic, but above the around 250,000 before the pandemic. The housing starts annual rate indicated a disappointing drop, but permits issued were up. The National Association of Home Builders/Wells Fargo Housing Market Index held steady in spite of increased costs for lumber and other materials. FreddieMac said the average 30 year fixed mortgage rate rose slightly to 3.0% with 0.6 points and fees. The Federal Reserve Bank of Philadelphia manufacturing survey was lower, but still well into positive territory, a similar result for the Federal Reserve Bank of New York. The Conference Board leading economic index took a nice +1.6% jump in April. The National Association of Realtors said April existing home sales fell 2.7% from March to a 5.85 million annual rate.

Corporate Business: It is the tail end of 1Q21 corporate earnings reports and they were generally mixed. Share buyback programs are being reinstituted by several companies. IPOs continue to be popular and some were launched during the week. Ford debuts its all electric F-150 truck and announces a joint venture for 2 batteries factories. Mergers and acquisitions seemed to make a jump in the week as well, especially among tech companies.

Society: It was another quiet week, with much of the news still being on COVID-19 vaccination efforts and cautious optimism as the economy continues to reopen.

International News: A ceasefire was agreed to between Israel and Hamas, but details were still being worked out. As mentioned earlier, India, Brazil and some other countries continue to see a rise in COVID-19 cases.

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The PBR1000:

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $15 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company.

Empowering Astute Business Leaders and Shrewd Investors
Through The PBR1000 Analytics!

Disclaimers: The research PBRMarketTools.com provides is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. We provide information only and it should not be regarded as advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This business intelligence report is provided by: 

(Article image is courtesy of FreeDigitalPhotos.net, ddpavumba.)

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The Week 19 of 2021 US Stock Market and News Recap

May 14, 2021 by

The Week 19 of 2021 US Stock Market and News Recap

Stock Market Stocks Bear Bull Investing Investor Economy

The Stock Market Bear starts out Week 19 strong, The Stock Market Bull makes an equally strong comeback, but waited one day too many.

By Larry C. Paxton

US Stock Market Indices Summary
Week 19  of 2021 Ending 05/14/21
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(04/30/21) 33,874.85 13,962.68 4,181.17
Record Close Date 05/07/21 04/26/21 05/07/21
Record Close 34,777.76 14,138.78 4,232.60
Week 18 34,777.76 13,752.24 4,232.60
Week 19 34,382.13 13,429.98 4,173.85
Percent Change-Week -1.14% -2.34% -1.39%
Percent Change-Month 1.50% -3.82% -0.18%
Percent Change-Quarter 4.25% 1.38% 5.06%
Percent Change-YTD 12.34% 4.20% 11.12%
Percent Change-Record -1.14% -5.01% -1.39%

The Stock Market Bull and Bear Tallies YTD
Week 19 Winner and Tally  Bear 3-0 Win
April Winner and Tally Bull 3-0 Win
Weeks Months YTD
The Stock Market Bull 8 3 Ahead
The Stock Market Bear 7 0
Mixed Result 4 1
  Totals 19 4

US Stock Exchanges Week 19 Summary:

The Stock Market Bull decided to start Week 19 by taking some time off to smell the spring flowers. The Stock Market Bear took advantage over the first 3 days and not only pummeled the NASDAQ as he had done in weeks past, but also the DJIA and S&P500. When The Stock Market Bull looked up and saw the damage he butted The Stock Market Bear over the fence and took control of the pasture in a strong way on Thursday and Friday on all 3 indices. Unfortunately it was a day too late. The Stock Market Bear gets Week 19 with a 3-0 sweep. Will the volatility continue in Week 20?

Week 19 News Summary:

Coronavirus Pandemic: As of today, Friday, 05/14/21, at 1:21PM Eastern US, the John Hopkins University CSSE unit says there are now 161,381,569 confirmed cases globally with 3,348,952 deaths, +87,969 from last week, which is -1,729 from the prior week. For the US it is 32,883,624 confirmed cases and 585,073 deaths, +4,281 from last week, which is -720 from the prior week. Vaccines supplies are plentiful through most state government programs and most pharmacies. The Pfizer/BioNTech vaccines were granted additional Emergency Use Authorizations by the US FDA for ages 12 and up. The CDC has released new guidelines saying people who have been fully vaccinated do not have to wear masks outside in most situations. Countries like India and Brazil continue to struggle with high infection and death rates.

US Federal Government: US President Joe Biden met with some Republicans to discuss his infrastructure development proposals and expressed a willingness to negotiate.

US Economy: The US Consumer Price Index jumped up 0.8% in April, much higher than forecast, and generated a lot of buzz about inflation concerns, which the Federal Reserve has downplayed, which has targeted 2% annual growth as a target. Weekly initial job claims fell to its lowest since the start of the pandemic. Job openings increased to 8.1 million. Wages remain around the same. Some sectors, primarily hospitality and retail, are struggling to find employees, most saying it is because unemployment benefits are still better than what the employers can offer. In response some states are talking about eliminating unemployment benefits. The US deficit widens to a record $1.9 trillion over the first 7 months of the fiscal year. Retail sales were unexpectedly flat in April, a significant increase had been forecast. Industrial output increased in April. US import prices increased. Mortgage rates remain near record lows. There was a ransomware cyberattack on Colonial Pipeline, a midstream energy company with 5,500 miles of pipelines that is the primary support for fuel supplies in the Northeast US. By the end of the week services were restored, the attackers have been identified, and once again demonstrated vulnerabilities in the US. Cryptocurrencies continue to grab headline news and draw a variety of reactions from banks, investors, corporations, and influential individuals.

Corporate Business: More 1Q21 corporate earnings reports came in with mixed results. Technology related companies continue to dominate much of the news. The shortage of semiconductor chips continues to be an issue for car and electronic goods manufacturers with some forecasts showing that the problem could last for a couple of years.

Society: It was a quiet week, with much of the news still being on COVID-19 vaccination efforts and cautious optimism as the economy continues to reopen.

International News: India, Brazil and some other countries continue to see a rise in COVID-19 cases. Hamas in the Palestinian areas continues to launch rockets into Israel and Israel is responding with its own rockets targeted at military targets but which are also inflicting civilian casualties.

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The PBR1000:

PBRMarketTools.com provides The PBR1000, a compilation of 1,000 of the largest publicly held companies with primary operations in the US. These companies generate $15 trillion in annual revenues, more than all other US companies combined. The PBR1000 Monthly Snapshots provides these 1,000 companies in Excel format, includes 15 worksheets with 28 rankings, over 200 data/information points, hotlinks to key data, and important news items per company.

Empowering Astute Business Leaders and Shrewd Investors Through The PBR1000 Analytics!

Disclaimers: The research PBRMarketTools.com provides is compiled from a variety of publicly available resources. As such, PBRMarketTools.com is not responsible for the data itself. Any liability for the representations or decisions based on the data is solely the responsibility of the authorized user, not PBRMarketTools.com, its employees or affiliates. PBRMarketTools.com is an independent business intelligence service providing news, data, and analysis. We provide information only and it should not be regarded as advice. PBRMarketTools.com is not a financial advisory or stock brokerage firm and has no affiliation with such organizations.

This business intelligence report is provided by: 

(Article image is courtesy of FreeDigitalPhotos.net, ddpavumba.)

Copyright © 2021 by Pax Business Resources, LLC, All Rights Reserved.

Filed Under: Recaps Tagged With: , , , , , , , , , , , , , ,
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