The Week 38 of 2021 US Stock Market News Recap

By Larry C. Paxton

US Stock Market Indices Summary
Week 38 of 2021 Ending 09/24/21
	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(8/31/21)	35,360.73	15,259.24	4,522.68
Record Close Date	08/16/21	09/07/21	09/02/21
Record Close	35,625.40	15,374.33	4,536.95
Week 37-Friday & Close	34,584.88	15,043.97	4,432.99
Week 38-Monday	33,970.47	14,713.90	4,357.73
Day Change	(614.41)	(330.07)	(75.26)
Day % Change	-1.78%	-2.19%	-1.70%
Week 38-Tuesday	33,919.84	14,746.40	4,354.19
Day Change	(50.63)	32.50	(3.54)
Day % Change	-0.15%	0.22%	-0.08%
Week 38-Wednesday	34,258.32	14,896.85	4,395.64
Day Change	338.48	150.45	41.45
Day % Change	1.00%	1.02%	0.95%
Week 38-Thursday	34,764.82	15,052.24	4,448.98
Day Change	506.50	155.39	53.34
Day % Change	1.48%	1.04%	1.21%
Week 38-Friday & Close	34,798.00	15,047.70	4,455.48
Day Change	33.18	(4.54)	6.50
Day % Change	0.10%	-0.03%	0.15%
Change-Week	213.12	3.73	22.49
% Change-Week	0.62%	0.02%	0.51%
Change-Month-to-Date	(562.73)	(211.54)	(67.20)
% Change-Month-to-Date	-1.59%	-1.39%	-1.49%
Change-Quarter-to-Date	295.49	543.75	157.98
% Change-Quarter-to-Date	0.86%	3.75%	3.68%
Change-Year-to-Date	4,191.52	2,159.42	699.41
% Change-Year-to-Date	13.69%	16.75%	18.62%
Change-Record	(827.40)	(326.63)	(81.47)
% Change-Record	-2.32%	-2.12%	-1.80%
The Stock Market Bull and Bear Tallies YTD
Week 38 Winner and Tally	Bull	3-0	Win
August Winner and Tally	Bull	3-0	Win
	Weeks	Months	YTD
The Stock Market Bull	17	5	Winning
The Stock Market Bear	13	0	Losing
Mixed Result	8	3
Totals	38	8

The US Stock Market Week 38 Summary:

The Stock Market Bear was eager to get his first trifecta of weekly wins in 2021. He viciously clawed and bit his way to a very big Monday win by so much that it appeared that Week 38 would easily be his. The Stock Bull entered the ring on Tuesday and they tussled to a slight mixed result for The Stock Market Bear. On Wednesday it was The Stock Market Bull who became the aggressor. He got the win but was still behind for the week. The Stock Market Bull again charged into battle on Thursday, and with great determination overcame every counter by The Stock Market Bear to get a resounding win and pulled ahead for the week, but not by much. Friday was the big show down but both the Bull and the Bear were punched out. The Stock Market Bull barely pulled out a thin mixed win. In an incredibly volatile week somehow The Stock Market Bull gets a 3-0 win in Week 38, but the exhausted The Stock Market Bear remains well ahead for the month and is poised to take his first monthly win of the year. However, with four trading days remaining in September anything is possible just based on what happened this week.

Summary News Items for Week 38:

US Economic News

• Friday, September 24, 2021

• The US Dept of Commerce/HUD says the Preliminary August 2021 US New Family Homes Sold Annual Rate is at 740,000, July was at 729,000, June 685,000, August 2020 977,000, August 2019 706,000; the August 2021 Median Home Price is at $390,900, July was also at $390,900, June $375,700, August 2020 $325,500, August 2019 $327,000.

• Thursday, September 23, 2021

• The US Federal Reserve says the Preliminary 2Q21 US Total Networth of Households & Non-Profits is at $141.668 trillion, 1Q21 was at $135.818 trillion, 4Q20 $130.688 trillion, 4Q19 $116.832 trillion.
• The US Federal Reserve Bank of Chicago says the Preliminary August 2021 US National Activity Index is at +0.29, July was at +0.75, June +0.24, August 2020 +1.21, August 2019 +0.16. “Index suggests slower, but still above-average growth in August.”
• The Conference Board says the Preliminary August 2021 US Leading Economic Index(2016=100) is at 117.1, July was at 116.2, June 115.4, August 2020 107.0, August 2019 112.0. “While the Delta variant—alongside rising inflation fears—could create headwinds for labor markets and the consumer spending outlook in the near term, the trend in the LEI is consistent with robust economic growth in the reminder of the year. Real GDP growth for 2021 is expected to reach nearly 6.0 percent year-over-year, before easing to a still-robust 4.0 percent for 2022.”

• Wednesday, September 22, 2021

• The US Federal Open Market Committee releases its statement for its 09/21-22/21 meeting, keeps the short terms federal funds rate at 0.00-0.25%, says “The path of the economy continues to depend on the course of the virus. Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain… judges that a moderation in the pace of asset purchases may soon be warranted.”
• The Natl Assn of Realtors says the Preliminary August 2021 US Existing Home Sales Annual Rate is at 5,880,000, July was at 6,000,000, June 5,870,000, August 2020 5,970,000, August 2019 5,430,000; the Preliminary August 2021 US Existing Home Median Sales Price is at $356,500, July was at $359,900, June $363,300, August 2020 $310,400, August 2019 $278,800.

• Tuesday, September 21, 2021

• The US Dept of Commerce/HUD says the Preliminary August 2021 US Private Housing Building Permits Issued Annual Rate 1,728,000, July 1,630,000, June 1,594,000, August 2020 1,522,000, August 2019 1,471,000.
• The US Dept of Commerce/BEA says the Preliminary 2Q21 US Exports of Goods, Services and Income Receipts Total is $937.9 billion, Imports of Goods, Services and Income Payments Total is at $1,128.2 billion, making the 2Q21 US Trade Deficit at $190.3 billion, 1Q21 was at $189.4 billion, 4Q20 $175.1 billion, 2Q20 $172.4 billion, 2Q19 $127.7 billion.

• Monday, September 20, 2021

• The Natl Assn of Home Builders/Wells Fargo Preliminary September 2021 US Housing Market Composite Index is at 76, August was at 75, July 80, September 2020 83, September 2019 68. “Builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges….”

US Government/Other News

• On Monday China based property developer Evergrande, with its $300 billion of debt load held by bondholders globally, shows signs that it will miss a major interest payment. Stock markets worldwide plummet dramatically. The markets recover during the week but Evergrande does miss its interest payment and its fate appears uncertain.
• The US Federal Reserve Open Market Committee met and released its statement on Wednesday. See the US Economy News above for the summary.
• The upcoming US debt limit concerns are not resolved, federal agencies are alerted about what to do if the federal government is forced to shut down.
• The US House is expected to vote on the $3.5 trillion infrastructure bill and a proposed social spending bill next week. The outcome is uncertain, US President Biden says negotiations are at a stalemate.
• Germany’s Prime Minister Angela Merkel will step down after 16 years in power. Elections are held on Friday, results are too close to call at the time of this release.

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