The Week 31 of 2021 US Stock Market  News Recap

By Larry C. Paxton

US Stock Market Indices Summary
Week 31 of 2021 Ending 08/06/21
	DJIA	NASDAQ	S&P500
Previous Year Close(12/31/20)	30,606.48	12,888.28	3,756.07
Previous Quarter Close(06/30/21	34,502.51	14,503.95	4,297.50
Previous Month Close(7/30/21)	34,935.47	14,672.68	4,395.26
Record Close Date	08/06/21	08/05/21	08/06/21
Record Close	35,208.51	14,895.12	4,436.52
Week 30-Friday & Close	34,935.47	14,672.68	4,395.26
Week 31-Monday	34,838.16	14,681.07	4,387.16
Week 31-Tuesday	35,116.40	14,761.29	4,423.15
Week 31-Wednesday	34,792.67	14,780.53	4,402.66
Week 31-Thursday	35,064.25	14,895.12	4,429.10
Week 31-Friday & Close	35,208.51	14,835.76	4,436.52
Percent Change-Week	0.78%	1.11%	0.94%
Percent Change-Month-to-Date	0.78%	1.11%	0.94%
Percent Change-Quarter-to-Date	2.05%	2.29%	3.23%
Percent Change-Year-to-Date	15.04%	15.11%	18.12%
Percent Change-Record	0.00%	-0.40%	0.00%
The Stock Market Bull and Bear Tallies YTD
Week 31 Winner and Tally	Bull	3-0	Win
July Winner and Tally	Bull	3-0	Win
	Weeks	Months	YTD
The Stock Market Bull	15	4	Winning
The Stock Market Bear	10	0	Losing
Mixed Result	6	3
Totals	31	7

The US Stock Market Week 31 Summary:

Week 31 started out with The Stock Market Bear grabbing a quick 2-1 mixed result on Monday. The Stock Market Bull replied on Tuesday by taking all 3 major US stock indices. The Stock Market Bear accepted the challenge and with help from the much lower than expected ADP jobs market report took a nice chunk out of the DJIA and S&P500 on Wednesday. This infuriated The Stock Market Bull who charged out on the field Thursday, won all 3 US major stock indices, establishing new record closes on the NASDAQ and S&P500. Friday was a mixed 2-1 result for The Stock Market Bull, a response to the much better US Dept of Labor report on jobs. For Week 31 there were 10 out of 15 trading sessions that were gains. There were also 5 record closes. The Stock Market Bull gets a 3-0 victory in Week 31.

Summary News Items for Week 31:

US Economy

• Friday, August 6, 2021
• The US Dept of Labor says the July 2021 Civilian Noninstitutional Population is at 261,469,000, Available Labor Force is at 161,347,000, Employed is at 152,645,000, Unemployed is at 8,702,000, for a July 2021 Unemployment Rate of 5.4%, June was at 5.9%, May 5.8%, July 2020 10.2%.
• The US Federal Reserve says the Preliminary June 2021 US Consumer Credit Outstanding-Revolving is at $992.2 billion, Non-Revolving $3,326.4 billion, making June 2021 US Total Consumer Credit Outstanding at $4,318.6 billion, May was at $4,281.0 billion, April $4,244.3 billion, June 2020 $4,145.4 billion.
• The US Dept of Commerce/Census says the Preliminary June 2021 US Wholesale Sales-Durables is at $285.0 billion, Non-Durables $303.2 billion, making June 2021 US Total Wholesale Sales at $588.2 billion, May was at $576.5 billion, April $572.0 billion, June 2020 $461.1 billion.

• Thursday, August 5, 2021
• The US Dept of Commerce/Census reports that the Preliminary June 2021 US Exports-Goods is at $145.9 billion, Services $61.8 billion, making June 2021 Total US Exports at $207.7 billion; June 2021 US Imports-Goods is at $239.1 billion, Services $44.3 billion, making June 2021 Total US Imports at $283.4 billion, making the June 2021 Total Trade Deficit at a record $75.7 billion, May Deficit was at $71.1 billion, April Deficit $69.1 billion, June 2020 Deficit $50.7 billion; June 2021 US Total Trade Deficit YTD is at $428.7 billion, June 2020 US Total Trade Deficit YTD was at $292.9 billion.

• Wednesday, August 4, 2021
• ADP says the Preliminary July 2021 US Private Sector Jobs Change-Manufacturing is at +12,000, Services +318,000, Total +330,000, June was at +680,000, May +882,000, July 2020 +232,000.
• The Institute for Supply Management July 2021 Services PMI(>50%=economy growing) is at 64.1%, June was at 60.1%, May 64.0%, July 2020 58.1%. “The July reading indicates the 14th straight month of growth for the services sector, which has expanded for all but two of the last 138 months.”
• The IHS Markit July 2021 Composite PMI Output Index is at 59.9, June was at 63.7, May 68.7, July 2020 50.3. “The pace of US economic growth cooled in July, according to the final PMI data, but remained impressively strong to suggest that GDP will rise robustly again in the third quarter…”

• Tuesday, August 3, 2021
• The US Dept of Commerce/Census says the Preliminary June 2021 US Manufacturers New Orders-Durables is at $257.9 billion, Non-Durables $248.1 billion, making June 2021 US Manufacturers New Orders Total at $498.9 billion, May was at $491.4 billion, April $487.2 billion, June 2020 $432.2 billion.
• The PurdueU/CME Group July 2021 Ag Economy Barometer Composite Index is at 134, June was at 137, May 158, July 2020 118, July 2019 153. “Producers remain concerned that farm input prices are likely to rise much more sharply in the coming year than in the recent past and nearly half of corn/soybean farmers expect farmland cash rental rates to rise, potentially squeezing profit margins.”

• Monday, August 2, 2021
• The US Dept of Commerce/Census says the Preliminary June 2021 US Construction Spending Annual Rate-Residential is at $772.3 billion, Non-Residential $779.9, for June 2021 US Total Construction Spending of $1,552.2 billion, May 2021 was at $1,551.2 billion, April 2021 $1,553.5 billion, June 2020 $1,435.0 billion.
• The ISM July 2021 US Manufacturing PMI Index(>50% Economy expanding) is at 59.5%, June 2021 was at 60.6%, May 2021 61.2%, July 2020 54.2%. “… Optimistic panel sentiment remained strong, with 13 positive comments for every cautious comment…”
• IHS Markit says the July 2021 US Manufacturing PMI Index is at 63.4, June 2021 was at 62.1, April 2021 60.5, July 2020 50.9. ““The result is perhaps the strongest sellers’ market that we’ve seen since the survey began in 2007, with suppliers hiking
  prices for inputs into factories at the steepest rate yet recorded and manufacturers able to raise their selling prices to an unprecedented extent, as both suppliers and producers often encounter little price resistance from customers.”

US Government/Other

• The Delta variant of the COVID-19 virus cases continue to increase, affecting mostly those who have not had vaccinations.
• US President Biden signs an Executive Order allowing Hong Kong citizens to remain in the US for up to 18 months, action angers China leadership.
• Corporate earnings were generally better than expected.
• The Biden administration extends the student loan repayment pause through January 31, 2022.
• The US Senate infrastructure bill is delayed, need to iron out remaining differences.

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