The Week 33 of 2021 US Stock Market  News Recap

By Larry C. Paxton

US Stock Market Indices Summary
Week 33 of 2021 Ending 08/20/21
	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	08/16/21	08/05/21	08/16/21
Record Close	35,625.40	14,895.12	4,479.71
Week 32-Friday & Close	35,515.38	14,822.90	4,468.00
Week 33-Monday	35,625.40	14,793.76	4,479.71
Day % Change	0.31%	-0.20%	0.26%
Week 33-Tuesday	35,343.28	14,656.18	4,448.08
Day % Change	-0.79%	-0.93%	-0.71%
Week 33-Wednesday	34,960.69	14,525.91	4,400.27
Day % Change	-1.08%	-0.89%	-1.07%
Week 33-Thursday	34,894.12	14,541.79	4,405.80
Day % Change	-0.19%	0.11%	0.13%
Week 33-Friday & Close	35,120.08	14,714.66	4,441.67
Day % Change	0.65%	1.19%	0.81%
Percent Change-Week	-1.11%	-0.73%	-0.59%
Percent Change-Month-to-Date	0.53%	0.29%	1.06%
Percent Change-Quarter-to-Date	1.79%	1.45%	3.35%
Percent Change-Year-to-Date	14.75%	14.17%	18.25%
Percent Change-Record	-1.42%	-1.21%	-0.85%
The Stock Market Bull and Bear Tallies YTD
Week 33 Winner and Tally	Bear	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	11	0	Losing
Mixed Result	7	3
Totals	33	7

The US Stock Market Week 33 Summary:

The Stock Market Bull charged out of the gate with two new record closes for the DJIA and S&P500 and a small loss on the NASDAQ on Monday. On Tuesday The Stock Market Bear struck back taking all 3 stock indices, then similarly took out another big bite on Wednesday. The weakened Bull managed to outdo the tired Bear on Thursday, losing only the DJIA. On Friday The Stock Market Bull made a valiant comeback attempt, easily took all 3 indices, but it was not quite enough. The Stock Market Bear takes Week 33 of 2021 with a 3-0 result, and stops The Stock Market Bull from getting the trifecta of victories over 3 weeks.

Summary News Items for Week 33:

US Economy News

• Friday, August 20, 2021

• No economic news items to report.

• Thursday, August 19, 2021

• The US Federal Reserve Bank of Philadelphia says the August 2021 US 3rd District Manufacturing General Activity Indicator is at +19.4, July was at +21.9, June +30.7, August 2020 +20.2, August 2019 +16.6. “The survey’s future indexes moderated this month but continue to suggest expected growth over the next six months.”
• The Conference Board says the Preliminary July 2021 US Leading Economic Index(2016=100) is at +116.0, June was at +115.1, May +114.6, July 2020 +105.2, July 2019 +112.2. “The Leading Index’s overall upward trend, which started with the end of the pandemic-induced recession in April 2020, is consistent with strong economic growth in the second half of the year. While the Delta variant and/or rising inflation fears could create headwinds for the US economy in the near term, we expect real GDP growth for 2021 to reach 6.0 percent year-over-year, before easing to a still robust 4.0 percent growth rate for 2022.”

• Wednesday, August 18, 2021

• The US Federal Open Market Committee released the Minutes of the 07/27-28/21 meeting. Summary: “… overall financial conditions ended the period little changed at historically accommodative levels.” Discussions included possibly tapering bond purchases by the end of the year, expressions of concern that the COVID-19 Delta variant could prolong shortages and keep inflation higher into 2022.
• The US Dept of Commerce/HUD says the Preliminary July 2021 US Housing Starts Annual Rate is at 1,534,000 units, June was at 1,650,000, May 1,594,000, July 2020 1,497,000, July 2019 1,212,000.

• Tuesday, August 17, 2021

• The Natl Assn of Home Builders/Wells Fargo Preliminary August 2021 Housing Market Sales Conditions Index is at 75, July was at 80, June 81, August 2020 78, August 2019 67. “Higher construction costs and supply shortages along with rising home prices pushed builder confidence to its lowest reading since July 2020…”
• The US Federal Reserve says the Preliminary July 2021 US Manufacturing % of Capacity is at 76.1%, June was at 75.4%, May 75.3%, July 2020 71.8%, July 2019 77.8%.
• The US Dept of Commerce/Census says the Preliminary June 2021 US Sales-Manufacturers is at $499.0 billion, Retailer Sales $553.7 billion, Wholesalers Sales $588.1, making June 2021 Total US Sales at $1,640.8 billion, May was at $1,618.5 billion, April $1,621.4 billion, June 2020 $1,369.0 billion, June 2019 $1,457.0 billion.
• The US Dept of Commerce/Census says the Advance July 2021 Sales-Retail is at $545.5 billion, Food Services & Drinking Places $72.2, making July 2021 Total Retail Sales at $617.7 billion, June was at $624.7 billion, May $620.1 billion, July 2020 $533.5 billion, July 2019 $521.8 billion.

• Monday, August 16, 2021

• The Federal Reserve Bank of New York says the August 2021 Empire State Manufacturing General Business Conditions Index is at +18.3, July was at +43.0, June +17.4, August 2020 +3.7. “Business activity continued to expand in New York State… though growth was significantly slower than last month’s record-setting pace… firms remained optimistic that conditions would improve over the next six months, with substantial increases in employment and prices expected.”

US Government/Other

• New COVID-19 cases continue at a high level, mostly from the Delta variant, the US government is now planning to make available booster vaccines to be available in September.
• The Afghanistan government collapsed and has been taken over by the Taliban in surprisingly short period of time with nearly no resistance. US troops are sent to Afghanistan to accelerate the leaving of US citizens and Afghanistan citizens who provided services for the US.
• Tropical storms Fred, Grace, and Henri are hitting the Southeastern and Northeastern parts of the US with strong winds and high levels of rainfall.
• The Biden administration is cancelling $5.8 billion in student financial aid for disabled borrowers.
• Haiti was hit with a devastating earthquake and then pounded by tropical storms.
• China releases weaker than expected economic data.

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