The Week 20 of 2021 US Stock Market and News Recap
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 |
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| 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 |
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| 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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