The Week 19 of 2022 US Stock Market News Recap
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…”
More Resources:
Check out the BLOG page for the previous RECAPS and SNAPSHOTS posts.
Click here to follow The PBR1000 on Twitter!
PBRMarketTools Info:
If you are not a current The PBR1000 or The PBR25 Subscriber go to the Subscribe page for more information and to get our latest research and monthly snapshots.
Please use the Contact Us page if you are not on our email list or have questions about The PBR1000, The PBR25 Top Buy Stocks, The PBRMarketTools US Economic Indices or the Customization Services we provide. We appreciate your comments and suggestions!
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.
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: 
(Article image is courtesy of FreeDigitalPhotos.net, ddpavumba.)
Empowering Astute Business Leaders and Shrewd Investors
Through The PBR1000 Analytics!
Copyright © 2022 by Pax Business Resources, LLC, All Rights Reserved.
