The Week 47 of 2021 US Stock Market News Recap

By Larry C. Paxton

The US Stock Market Week 47 Summary:

The Stock Market Bull started out Week 47 by focusing on the DJIA, so The Stock Market Bear decided to take on the tech heavy and volatile NASDAQ, and took aim at the S&P500 as well. This dance worked well on Monday and Tuesday. On Wednesday the roles reversed with The Stock Market Bull capturing the NASDAQ and S&P500, The Stock Market Bear got the DJIA. Going into the US Thanksgiving Day Holiday it appeared that a mixed result was going to be the most likely result. But The Stock Market Bear received an early Black Friday gift as another coronavirus variant appears to be spreading across the globe. The Stock Market Bear took advantage of this early news and on Friday roared throughout the day as he took a 2%+ bite out of all 3 major US stock indices. The Stock Market Bear takes Week 47 with a dramatic come from behind 3-0 win. With only two trading days left in November he also has the edge for the month, but The Stock Market Bull remains well ahead YTD.

 

US Stock Market Indices Summary
Week 47 of 2021 Ending 11/26/21
	DJIA	NASDAQ	S&P500
Previous Year Close(12/31/20)	30,606.48	12,888.28	3,756.07
Previous Quarter Close(09/30/21	33,843.92	14,448.58	4,307.54
Previous Month Close(10/29/21)	35,819.56	15,498.39	4,605.38
Record Close Date	11/08/21	11/19/21	11/18/21
Record Close	36,432.22	16,057.44	4,704.54
Week 46-Friday & Close(11/19/21)	35,601.98	16,057.44	4,697.96
Week 47-Monday(11/22/21)	35,619.25	15,854.76	4,682.94
Day Change	17.27	(202.68)	(15.02)
Day % Change	0.05%	-1.26%	-0.32%
Week 47-Tuesday(11/23/21)	35,813.80	15,775.14	4,690.70
Day Change	194.55	(79.62)	7.76
Day % Change	0.55%	-0.50%	0.17%
Week 47-Wednesday(11/24/21)	35,804.38	15,845.23	4,701.46
Day Change	(9.42)	70.09	10.76
Day % Change	-0.03%	0.44%	0.23%
Week 47-Thursday(11/25/21, Holiday)	35,804.38	15,845.23	4,701.46
Day Change	0.00	0.00	0.00
Day % Change	0.00%	0.00%	0.00%
Week 47-Friday & Close(11/26/21)	34,899.34	15,491.66	4,594.62
Day Change	(905.04)	(353.57)	(106.84)
Day % Change	-2.53%	-2.23%	-2.27%
Change-Week	-702.64	-565.78	-103.34
% Change-Week	-1.97%	-3.52%	-2.20%
Change-Month-to-Date	(920.22)	(6.73)	(10.76)
% Change-Month-to-Date	-2.57%	-0.04%	-0.23%
Change-Quarter-to-Date	1,055.42	1,043.08	287.08
% Change-Quarter-to-Date	3.12%	7.22%	6.66%
Change-Year-to-Date	4,292.86	2,603.38	838.55
% Change-Year-to-Date	14.03%	20.20%	22.33%
Change-Record	(1,532.88)	(565.78)	(109.92)
% Change-Record	-4.21%	-3.52%	-2.34%
The Stock Market Bull and Bear Tallies 2021 YTD
Week 47 Winner and Tally	Bear	3-0	Win
October Winner and Tally	Bull	3-0	Win
	Weeks	Months	YTD
The Stock Market Bull	22	6	Winning
The Stock Market Bear	16	1	Losing
Mixed Result	9	3
Totals	47	10

Summary News Items for Week 47:

US Economic News

• Friday, November 26, 2021

• ***Day after US Thanksgiving(Black Friday).
  ***US Stock Exchanges Close at 1:00PM EST.
  ***No economic news releases.

• Thursday, November 25, 2021

• ***US Thanksgiving Day.
  ***US Stock Exchanges Closed.
  ***No economic news releases.

• Wednesday, November 24, 2021

• The US Federal Open Market Committee released the Minutes of its 11/02-03/21 meeting. Comments include: “Overall financial conditions remained accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses. Participants noted that the path of the economy continued to depend on the course of the virus. Progress on vaccinations and an easing of supply constraints were expected to support continued gains in economic activity and employment as well as a reduction in inflation, but risks to the economic outlook remained.”
• The US Dept of Commerce/BEA says that the 3Q21 2nd Estimate US Gross Domestic Product Annual Rate is at +2.1%, 2Q21 was at +6.7%, 1Q21 +6.3%, 3Q20 +33.8%, 3Q19 +2.8%; the 3Q21 Annual GDP is at $23.187 trillion, 2Q21 was at $22.741 trillion, 1Q21 $22.038, 3Q20 $21.139 trillion, 3Q19 $21.540 trillion.
• The U of Michigan Final November 2021 Consumer Sentiment Index is at 67.4, October was at 71.7, September 72.8, November 2020 76.9, November 2019 96.8. “Consumers expressed less optimism in the November 2021 survey than any other time in the past decade about prospects for their own finances as well as for the overall economy. The decline was due to a combination of rapidly escalating inflation combined with the absence of federal policies that would effectively redress the inflationary damage to household budgets.”
• The US Dept of Labor says the 11/20/21 US Weekly Initial Unemployment Claims are at 199,000, the lowest level for initial claims since November 15, 1969 when it was 197,000. 11/21/20 was at 762,000, 11/30/19 213,000; the 11/13/21 US Total Insured Unemployment is at 2,049,000, the lowest level for insured unemployment since March 14, 2020 when it was 1,770,000, 11/14/20 was at 6,138,000, 11/23/19 1,640,000.
• The US Dept of Commerce/BEA says the Preliminary October 2021 US Personal Income Annual Rate is at $20.783 trillion, September was at $20.690 trillion, August $20.894 trillion, October 2020 $19.728 trillion, October 2019 $18.764 trillion.
• The US Dept of Commerce/HUD says the Preliminary October 2021 US New Family Homes Sold Annual Rate is at 745,000, September was at 742,000, August 693,000, October 2020 969,000, October 2019 706,000; the Preliminary October 2021 US New Family Home Median Sales Price is at $407,700, September was at $404,700, August $407,600, October 2020 $346,900, October 2019 $322,400.
• FreddieMac says on 11/24/21 the US Weekly Average 30-Year Fixed Rate Mortgage is at 3.10% with 0.7 points & fees, 10/28/21 was at 3.14%, 09/30/21 3.01&, 11/25/20 2.72%, 11/27/19 3.68%. “Despite the noise around the economy, inflation, and monetary policy, mortgage rate volatility has been low. For most of 2021, mortgage rates have stayed within half a percentage point, which is a smaller range than in past years.”
• TrueCar says the Forecasted November 2021 US New Cars Sold-Retail is at 971,021, Fleet 102,022, making Forecasted November 2021 US New Cars Sold Total at 1,073,043, October was at 1,056,866, September 1,006,931, November 2020 1,214,891, November 2019 1,413,464; the November 2021 US New Car Average Transaction Price is at $41,139, October was at $40,383, September $39,724, November 2020 $37,876, November 2019 $36,317.
• The US Energy Information Administration says the 11/19/21 US Millions of Barrels Crude Oil Inventories is at 434.0, 10/22/21 was at 430.8, 09/24/21 418.5, 11/20/20 488.6, 11/22/19 452.0.

• Tuesday, November 23, 2021

• The US Federal Reserve Bank of Philadelphia says the November 2021 US 3rd District Nonmanufacturing Current General Activity Index is at +46.1, October was at +33.4, September +9.6, November 2020 -15.9, November 2019 +20.5. “Responses to this month’s Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region… Overall, the respondents continue to expect growth over the next six months.”

• Monday, November 22, 2021

• The US Federal Reserve Bank of Chicago says the Preliminary October 2021 US National Activity Index is +0.76, September was at -0.18, August +0.05, October 2020 +1.08, October 2019 -0.41. “Index points to a pickup in economic growth in October.”
• The Natl Assn of Realtors says the Preliminary October 2021 US Existing Home Sales Annual Rate is at 6,340,000, September was at 6,290,000, August 5,880,000, October 2020 6,730,000, October 2019 5,410,000; October 2021 US Median Home Price is at $353,900, September was at $352,800, August $356,500, October 2020 $313,000, October 2019 $270,900. “Home sales remain resilient, despite low inventory and increasing affordability challenges … Inflationary pressures, such as fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment.”

US Government/Other News

• US President Biden nominates Jerome Powell to serve a second term as Chairman of the US Federal Reserve. He also nominates Lael Brainard to be Vice Chairman. The nominations go to the US Senate for confirmation, which is expected.
• US President Biden authorizes the release of 50 million barrels of oil from the US strategic oil reserves in hopes the action will lower gasoline prices.
• 2021 US COVID-19 so far exceeds the total for 2020. A new variant is discovered in South Africa and appears to be spreading throughout the globe. The US imposes travel restrictions from and to South Africa and seven other nations.
• In the US three men are convicted of the murder of Ahmaud Arbery, a 25-year-old Black man, chased by the white residents as he was jogging through a South Georgia neighborhood.
• On Thursday the US celebrated Thanksgiving Day. The following day is called Black Friday and recognized as the first day of Christmas shopping, with sales expected to reach new highs.

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