The Week 16 of 2022 US Stock Market News Recap

By Larry C. Paxton

The US Stock Market Week 16 Summary:

Week 16 of 2022 started out with The Stock Market Bear taking tepid wins on Monday. The Stock Market Bull saw an opening and had a very impressive win on Tuesday, but was able to sustain that only on the DJIA on Wednesday. The Stock Market Bear started his takeover, winning big on Thursday, and then an overwhelming win on Friday, getting his second trifecta of the year, with investors concerned that he might get his first four week win streak of 2022.

 

US Stock Market Indices Summary
Week 16 of 2022 Ending 04/22/22
	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(03/31/22)	34,678.35	14,220.52	4,530.41
Record Close Date	01/04/22	11/19/21	01/03/22
Record Close	36,799.65	16,057.44	4,796.56
Week 15-Friday & Close(04/15/22)	34,451.23	13,351.08	4,392.59
Week 16-Monday(04/18/22)	34,411.69	13,332.36	4,391.69
Day Change	(39.54)	(18.72)	(0.90)
Day % Change	-0.11%	-0.14%	-0.02%
Week 16-Tuesday(04/19/22)	34,911.20	13,619.66	4,462.21
Day Change	499.51	287.30	70.52
Day % Change	1.45%	2.15%	1.61%
Week 16-Wednesday(04/20/22)	35,160.79	13,453.07	4,459.45
Day Change	249.59	(166.59)	(2.76)
Day % Change	0.71%	-1.22%	-0.06%
Week 16-Thursday(04/21/22)	34,792.76	13,174.65	4,393.66
Day Change	(368.03)	(278.42)	(65.79)
Day % Change	-1.05%	-2.07%	-1.48%
Week 16-Friday & Close(04/22/22)	33,811.40	12,839.29	4,271.78
Day Change	(981.36)	(335.36)	(121.88)
Day % Change	-2.82%	-2.55%	-2.77%
Change-Week	(639.83)	(511.79)	(120.81)
% Change-Week	-1.86%	-3.83%	-2.75%
Change-Month-to-Date	(866.95)	(1,381.23)	(258.63)
% Change-Month-to-Date	-2.50%	-9.71%	-5.71%
Change-Quarter-to-Date	(866.95)	(1,381.23)	(258.63)
% Change-Quarter-to-Date	-2.50%	-9.71%	-5.71%
Change-Year-to-Date	(2,526.90)	(2,805.68)	(494.40)
% Change-Year-to-Date	-6.95%	-17.93%	-10.37%
Change-Record	(2,988.25)	(3,218.15)	(524.78)
% Change-Record	-8.12%	-20.04%	-10.94%
The Stock Market Bull and Bear Tallies 2022 YTD
Week 16 Winner and Tally	Bear	3-0	Win
March Winner and Tally	Bull	3-0	Win
	Weeks	Months	2022 YTD
The Stock Market Bull	4	1
The Stock Market Bear	10	2	Winning
Mixed Result	2	0
Totals	16	3

Influences/News:

• Russia‘s attack continues to be the headliner as many of its redeployed force increase attacks in the Southern and Eastern regions of Ukraine. The key port city of Mariupol has been nearly completely destroyed, with a remnant of Ukraine military holed up in the city’s steel works. Russia has indicated that it will not do a final attack but be satisfied with starving them to death. Russian created mass graves are also being seen in the area. US President Biden announces another new $800 million military aid package which includes more artillery and Javelin anti-tank missiles. Other European countries are starting to provide artillery as well. Ukraine resistance continues to be stronger than anticipated, and hope still abounds as its government requests more help.
• Inflationary fears continue, especially with the Russia/Ukraine war disrupting wheat and corn crops production and distribution. US Federal Reserve Chairman Jerome Powell has indicated he is open to a +0.50% increase in the federal funds rate that could be implemented at the next meeting scheduled for early May.
• First quarter corporate earnings reports have been mixed. For example, Netflix saw a significant loss in stock value because its subscriber base was much lower than forecast. In other corporate news there appears to be some momentum for workers at companies such as Amazon, Apple, and Starbucks are looking at unionizing. For the transportation sector the CDC controversially waved its mask mandate leading to major airlines no longer requiring masks on flights. Court challenges have started.

US Economic News:

• The Dept of Labor says US March 2022 Current Average Earnings Per Hour is at $31.73, Average Hours Worked Per Week is at 34.6, for Average Total Weekly Earnings at $1,097.86, +0.12% from February, +4.6% from March 2021;
• The Dept of Labor says the March 2022 US Consumer Price Index, a measure of inflation, is +1.2% from February, +8.5% from March 2021, “… the largest 12-month increase since the period ending December 1981.”;
• CoreLogic says the January 2022 US Percent of Housing Mortgages 30 or More Days Delinquent is at 3.3%, January 2021 was at 5.6%;
• The Dept of the Treasury says the March 2022 US Federal Government Receipts were at $315.2 billion, Outlays $507.9 billion, for a Deficit of $192.7 billion, YTD Deficit(6 months) is at $668.3 billion, March 2021 YTD Deficit was at $1,706.3 billion;
• The Dept of Labor says the Preliminary March 2022 Producer Price Index Monthly Change is at +1.4%, February was at +0.9%, January +1.2%, Last 12 Months +11.2%;
• The Dept of Labor reported that Preliminary March 2022 Import Prices were +2.6% from February, +12.5% over the past 12 months, Export Prices were +4.5% from February, +18.8% over the past 12 months;
• The Dept of Commerce says Preliminary February 2022 Manufacturers, Retailers, and Wholesale Trade Sales are at $1.805 trillion, +1.0% from January, +18.8% from February 2021;
• The Dept of Commerce says Advanced March 2022 Retailer Sales are at $665.7 billion, +0.5% from February, +6.9% from March 2021.
• The U of Michigan Preliminary April 2022 Consumer Sentiment Index is at 65.7, March was at 59.5, April 2021 88.3. “There are still significant sources of economic uncertainty that could easily reverse the April gains, including the impact on the domestic economy from Putin’s war, and the potential impact of new covid variants.”
• The Federal Reserve’s G17 Preliminary March 2022 Industrial Production Index is at 104.6, +0.9% from February, +5.5% from March 2021; % of Manufacturing Capacity is at 78.3%, +0.7% from March 2021.

 

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