The Week 17 and Month of April 2022 US Stock Market News Recap
The Stock Market Bull was leading Week 17 of 2022 at the end of Thursday, but The Stock Market Bear wanted his 4 week win streak more.
By Larry C. Paxton
The US Stock Market Week 17 and April Summary:
The Stock Market Bear started off Week 17 of 2022 the same way he ended Week 16, by starting to inflict more pain on the major US stock indices. But The Stock Market Bull, filled with new energy, charged into the pasture towards the end of the day, the indices did a U turn, and The Stock Market Bull won Monday going away. The Stock Market Bear retaliated on Tuesday, and spilled a lot of blood to take the day. On Wednesday The Stock Market Bull managed to mostly neutralize The Stock Market Bear and took a slim 2-1 mixed win for the day. Encouraged, The Stock Market Bull returned on Thursday in a big way and closed with a lead for the week in all three major US stock indices. But on Friday The Stock Market Bear returned and angrily took no prisoners to get the Week 17 victory, his first string of 4 weekly wins in 2022, and all in March. The Stock Market Bear also easily gets the April 2022 victory in a dominant way after having lost March. Now we start a new month and wonder if The Stock Market Bull or Bear become enamored with and distracted by the May flowers.
US Stock Market Indices Summary |
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Week 17 and Month of April 2022 Ending 04/29/22 |
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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(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 16-Friday & Close(04/22/22) | 33,811.40 | 12,839.29 | 4,271.78 |
| Week 17-Monday(04/25/22) | 34,049.46 | 13,004.85 | 4,296.12 |
| Day Change | 238.06 | 165.56 | 24.34 |
| Day % Change | 0.70% | 1.29% | 0.57% |
| Week 17-Tuesday(04/26/22) | 33,240.18 | 12,490.74 | 4,175.20 |
| Day Change | (809.28) | (514.11) | (120.92) |
| Day % Change | -2.38% | -3.95% | -2.81% |
| Week 17-Wednesday(04/27/22) | 33,301.93 | 12,488.93 | 4,183.96 |
| Day Change | 61.75 | (1.81) | 8.76 |
| Day % Change | 0.19% | -0.01% | 0.21% |
| Week 17-Thursday(04/28/22) | 33,916.39 | 12,871.53 | 4,287.50 |
| Day Change | 614.46 | 382.60 | 103.54 |
| Day % Change | 1.85% | 3.06% | 2.47% |
| Week 17-Friday & Close(04/29/22) | 32,977.21 | 12,334.64 | 4,131.93 |
| Day Change | (939.18) | (536.89) | (155.57) |
| Day % Change | -2.77% | -4.17% | -3.63% |
| Change-Week | (834.19) | (504.65) | (139.85) |
| % Change-Week | -2.47% | -3.93% | -3.27% |
| Change-Month-to-Date | (1,701.14) | (1,885.88) | (398.48) |
| % Change-Month-to-Date | -4.91% | -13.26% | -8.80% |
| Change-Quarter-to-Date | (1,701.14) | (1,885.88) | (398.48) |
| % Change-Quarter-to-Date | -4.91% | -13.26% | -8.80% |
| Change-Year-to-Date | (3,361.09) | (3,310.33) | (634.25) |
| % Change-Year-to-Date | -9.25% | -21.16% | -13.31% |
| Change-Record | (3,822.44) | (3,722.80) | (664.63) |
| % Change-Record | -10.39% | -23.18% | -13.86% |
The Stock Market Bull and Bear Tallies 2022 YTD |
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| Week 17 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 | 11 | 3 | Winning |
| Mixed Result | 2 | 0 | |
| Totals | 17 | 4 | |
Influences/News:
- Russia increases its attacks in the southeastern part of Ukraine in the Donbas and other areas, but Ukraine resistance is making progress slow with reports of significant casualties on both sides. Russia warns of the possible use of nuclear weapons as other countries start to supply more arms and support to Ukraine, including Poland giving Ukraine 240 Russian made tanks. US President Biden asks Congress to add $33 billion in aid for Ukraine’s defense. Russia launches some rockets into the capital city of Kyiv as the United Nations Secretary-General is visiting.
- China continues to try to control COVID-19 outbreaks with lockdowns in Shanghai and perhaps soon Beijing as part of its zero-COVID campaign.
- N Korea’s Supreme Leader Kim Jong-un says it is increasing in nuclear weapons capabilities as a deterrence to Western countries.
- France’s President Emmanuel Macron of the LREM party wins his re-election bid to serve a 2nd 5 year term, wins over Marine Le Pen of the National Rally party with a 59% to 41% margin.
- US corporate quarterly earnings reports are mixed.
- US President Biden says he will be proposing a student loan forgiveness plan in a few weeks.
US Economic News:
- The Federal Reserve Bank of Chicago Preliminary March 2022 US National Activity Index came in at +0.44, February was at +0.54, January +0.75, March 2021 +2.31. “Index points to a slight decrease in economic growth in March.”
- The Dept of Commerce/HUD reported that Preliminary March 2022 New Family Home Sales Annual Rate is at 763,000 units, February was at 835,000, January 845,000, March 2021 873,000; the March 2022 New Home Median Price is at $436,700, February was at $421,600, January $431,100, March 2021 $359,600.
- The S&P CoreLogic Case-Shiller Preliminary February 2022 US National Home Price Index(01/2000=100) is at 286.68, January was at 281.80, December 2021 278.52, February 2021 239.29, making for a 12 Month Change of +19.80%.
- The Conference Board Preliminary April 2022 Consumer Confidence Index(1985=100) is at 107.3, March was at 107.6. “… purchasing intentions are down overall from recent levels as interest rates have begun rising. Meanwhile, concerns about inflation retreated from an all-time high in March but remained elevated. Looking ahead, inflation and the war in Ukraine will continue to pose downside risks to confidence and may further curb consumer spending this year.”
- The Dept of Commerce/Census says the Preliminary 1Q22 Total Housing Units are at 142,711.000, +1,222.000 from 1Q21, Occupancy Rate is at 89.4%, Homeownership Rate 65.4%.
- TrueCar forecasts April 2022 New Auto Sales-Retail to be 1,088,345 vehicles, Fleet at 159,572, for April 2022 Total New Auto Sales to be 1,247,917, April 2021 was at 1,512,158; April 2022 Average Transaction Price is at $43,755, April 2021 was at $38,163.
- The Energy Information Administration says April 22, 2022, Crude Oil Stockpiles(Millions of Barrels) was at 414.4, March 25, 2022, was at 409.9, April 23, 2021, was at 493.1.
- The Dept of Labor says for the Week Ending April 23, 2022, Weekly Initial Jobless Claims were at 180,000, March 26, 2022, was at 202,000, April 24, 2021, 553,000, April 25, 2020, 3,839,000.
- FreddieMac says on April 28, 2022, 30 Year Fixed Rate Mortgages averaged 5.1% with 0.8 for points & fees, March 31, 2022, was at 4.67%, April 30, 2021, 2.98%, April 30, 2020, 3.23%. “The combination of swift home price growth and the fastest mortgage rate increase in over forty years is finally affecting purchase demand. Homebuyers navigating the current environment are coping in a variety of ways, including switching to adjustable-rate mortgages, moving away from expensive coastal cities, and looking to more affordable suburbs. We expect the decline in demand to soften home price growth to a more sustainable pace later this year.”
- The Dept of Commerce/BEA says the Preliminary 1Q22 Annual Rate for the Quarter Gross Domestic Product(GDP) is at $24.383 trillion, 4Q21 was at $24.003 trillion, 1Q21 $22.038 trillion.
- The Dept of Labor says the Preliminary 1Q22 Employment Cost Index for All Civilian Employees(12/2005=100) is at +150.1, 4Q21 was at +148.0, 1Q21 +143.7, 1Q20 +140.0.
- The Dept of Commerce/BEA says the Preliminary March 2022 Personal Income Annual Rate is at $21.338 trillion, +0.5% from February, -2.4% from March 2021.
- The American Automobile Assn says on April 29, 2022, the Average Price for a Gallon of Regular Gas is at $4.159, March 31 was at $4.225, February 28 $3.610, April 30, 2021 $2.895, April 30, 2020, $1.772.
- The Dept of the Treasury says that on April 28, 2022, the US National Debt-Public is at $23.825 trillion, Intragovernmental $6.578 trillion, for US Total National Debt of $30.403, April 30, 2021, was at $28.175 trillion, April 30, 2020, $24.075 trillion.
- Gold Per Ounce at the close on April 29, 2022, is at $1,911.70, on April 30, 2021, it was at $1,768.80, April 30, 2020, $1,694.20; Wheat Per Bushel closed on April 29, 2022, at 1,055.75 cents, April 30, 2021, it was at 734.75 cents, April 30, 2020, 517.25 cents; Oil Per Barrel closed on April 29, 2022, at $104.69, April 30, 2021, it was at $63.58, April 30, 2020, $18.84.
- The Dept of the Treasury says at the close on April 29, 2022, the US 10 Year Treasury Note Yield is at 2.89%, April 30, 2021, was at 1.65%, April 30, 2020, 0.64%.
- The Euro at the close on April 29, 2022, was at $1.0550, on April 30, 2021, it was at $1.2020, April 30, 2020, $1.0953; A Bitcoin at the close on April 29, 2022, was at $38,559, April 30, 2021, it was at $47,110, April 30, 2020, $6,169.
- The U of Michigan Final April 2022 Consumer Sentiment Index is at 65.2, April 2021 was at 88.3, April 2020 71.8. “… The goal of a soft landing will be more difficult to achieve given the uncertainties that now prevail, raising prospects for a halt, or even a temporary reversal, in the Fed’s interest rate policies…”
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