The Week 11 of 2022 US Stock Market News Recap
In Week 11 of 2022 The Stock Market Bull takes over the pasture, gets 13 of 15 trading sessions, first outright win since Week 5.
By Larry C. Paxton
The US Stock Market Week 10 Summary:
With the continuing attacks on Ukraine by Russia, concerns about rising inflation, and news that another COVID-19 variant has shown up, The Stock Market Bear took two of the three major US stock indices on Monday. But The Stock Market Bull was tired of losing and with great determination charged into the pasture on Tuesday, chased The Stock Market Bear out, and forcefully kept The Stock Market Bear out the whole week. The Stock Market Bull gets a convincing 3-0 outright win in Week 11 of 2022, his first since Week 5, now also has a lead month-to-date for March. Will The Stock Market Bull‘s momentum carry over into Week 12? Welcome to the stock market’s version of March Madness!
US Stock Market Indices Summary |
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Week 11 of 2022 Ending 03/18/22 |
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| DJIA | NASDAQ | S&P500 | |
| Previous Year Close(12/31/21) | 36,338.30 | 15,644.97 | 4,766.18 |
| Previous Quarter Close(12/31/21) | 36,338.30 | 15,644.97 | 4,766.18 |
| Previous Month Close(02/28/22) | 33,892.60 | 13,751.40 | 4,373.94 |
| Record Close Date | 01/04/22 | 11/19/21 | 01/03/22 |
| Record Close | 36,799.65 | 16,057.44 | 4,796.56 |
| Week 10-Friday & Close(03/11/22) | 32,944.19 | 12,843.81 | 4,204.31 |
| Week 11-Monday(03/14/22) | 32,945.24 | 12,581.22 | 4,173.11 |
| Day Change | 1.05 | (262.59) | (31.20) |
| Day % Change | 0.00% | -2.04% | -0.74% |
| Week 11-Tuesday(03/15/22) | 33,544.34 | 12,948.62 | 4,262.45 |
| Day Change | 599.10 | 367.40 | 89.34 |
| Day % Change | 1.82% | 2.92% | 2.14% |
| Week 11-Wednesday(03/16/22) | 34,063.10 | 13,436.55 | 4,357.86 |
| Day Change | 518.76 | 487.93 | 95.41 |
| Day % Change | 1.55% | 3.77% | 2.24% |
| Week 11-Thursday(03/17/22) | 34,480.76 | 13,614.78 | 4,411.67 |
| Day Change | 417.66 | 178.23 | 53.81 |
| Day % Change | 1.23% | 1.33% | 1.23% |
| Week 11-Friday & Close(03/18/22) | 34,754.93 | 13,893.84 | 4,463.12 |
| Day Change | 274.17 | 279.06 | 51.45 |
| Day % Change | 0.80% | 2.05% | 1.17% |
| Change-Week | 1,810.74 | 1,050.03 | 258.81 |
| % Change-Week | 5.50% | 8.18% | 6.16% |
| Change-Month-to-Date | 862.33 | 142.44 | 89.18 |
| % Change-Month-to-Date | 2.54% | 1.04% | 2.04% |
| Change-Quarter-to-Date | (1,583.37) | (1,751.13) | (303.06) |
| % Change-Quarter-to-Date | -4.36% | -11.19% | -6.36% |
| Change-Year-to-Date | (1,583.37) | (1,751.13) | (303.06) |
| % Change-Year-to-Date | -4.36% | -11.19% | -6.36% |
| Change-Record | (2,044.72) | (2,163.60) | (333.44) |
| % Change-Record | -5.56% | -13.47% | -6.95% |
The Stock Market Bull and Bear Tallies 2022 YTD |
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| Week 11 Winner and Tally | Bull | 3-0 | Win |
| February Winner and Tally | Bear | 3-0 | Win |
| Weeks | Months | 2022 YTD | |
| The Stock Market Bull | 3 | 0 | |
| The Stock Market Bear | 7 | 2 | Winning |
| Mixed Result | 1 | 0 | |
| Totals | 11 | 2 | |
Influences/News:
- Russia continues its attacks on Ukraine in an increasingly questionable campaign. The Ukraine military continues to stymy much of Russia’s efforts, but artillery and cruise missiles appear to be intentionally aimed at inflicting damage on civilian populations and structures like hospitals and schools. According to the United Nations over 3.2 million Ukrainians have reached neighboring borders in search of safety. Negotiations between Ukraine and Russia are starting to show signs of a possible ceasefire. Ukraine President Volodymyr Zelenskyy makes an appeal to the US Congress for more aid. The US passes a spending bill bill that includes financial and military equipment assistance. Russian President Vladimir Putin justifies his actions in a large gathering at a stadium. US President Joe Biden tells Chinese President Xi Jinping that China’s apparent support of Russia might not be a wise decision and that there could be consequences. Sanctions against Russia and many of its oligarchs continue and appear to be starting to have an effect.
- North Korea attempts another weapons test, which apparently failed.
- Reinstatement of the 2015 Iranian nuclear deal makes some moves forward as much of the world seeks to replace Russian oil with alternate sources, including Iranian and Venezuelan oil. Iran also releases two high profile Iran-UK dual citizens after several years of detention is also sends a positive signal that a deal is possible.
- A new COVID-19 variant, the Omnicron BA.2, detected in the US two months ago, is starting to spread at a rapid rate, raising concerns that there might have to be some shutdowns again.
- In US economic news this week the Producer Price Index grew at 0.8% in February, lower than forecast, and 10.0% over the past 12 months; the Federal Open Market Committee raises the federal funds rate a quarter percent to 0.25-0.50%, its first increase in four years, and the first of an expected many over the next couple of years in an effort to curb inflation while trying to prevent a recession; the Natl Home Builders Assn/Wells Fargo Housing Market Composite Index falls to 79, still reflecting a positive attitude towards homebuilding; February US Import Prices grew by 1.4%, 10.9% over the past 12 months, Exports grew 3.0%, 16.6% over the past 12 months; US Manufacturing Sales for January were at $1.785 trillion, +3.7% from December, +15.5% from 12 months ago; February Retail Sales were at $658.1 billion, +0.3% from January, +17.6% from February 2021; US New Residential Building Permits Issued for February are at a 1,859,000 annual rate, -1.9% from January, +7.7% from February 2021; US Factory Capacity for February was at 77.6%, January was at 77.3%, February 2021 72.7%; February US Existing Home Sales Annual Rate is at 6,020,000, -7.2% from January, -2.4% from February 2021; FreddieMac says the average 30 year fixed mortgage rate for the week rose to 4.16% +0.8 for fees & points; AAA says the average price for a gallon of gas in the US on 03/18/22 is at $4.274; the US Weekly Initial Jobless Insurance Claims for 03/12/22 was at 214,000, was 765,000 12 months earlier.
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