The Week 43 of 2021 US Stock Market News Recap

The Stock Market Bull caps off an amazing October in Week 43 of 2021 by achieving 9 record closes in 15 sessions.

By Larry C. Paxton

The US Stock Market Week 43 Summary:

October 2021 was all about The Stock Market Bull, who got complete 3-0 victories in each of the 4 full weeks. It was revenge for September, the only month he has lost so far this year to The Stock Market Bear. In the first 3 weeks The Stock Market Bear came out charging, making a lot of noise, and getting some flesh on Mondays, only to have The Stock Market Bull kick his butt out of the pasture the remaining days. Week 43 was different, however. The Stock Market Bull took command immediately, took 13 of the 15 sessions from the 3 major US stock indices and had 9 record high closes, with the 3-0 trifecta on Friday to close out Week 43 and October in spectacular style.

Summary News Items for Week 43:

US Economic News

• Friday, October 29, 2021

• The US Dept of the Treasury says that on 10/27/21 the US National Debt-Public is at $22.625 trillion, Intragovernmental $6.284 trillion, making the 10/27/21 US National Debt Total at $28.909 trillion, 09/30/21 was at $28.429 trillion, 08/31/21 $28.428, 10/31/20 $27.136, 10/31/19 $23.008 trillion.
• The US Dept of the Treasury says on 10/29/21 the US 10 Year Treasury Note Yield is at 1.55%, 09/30/21 was at 1.52%, 08/31/21 1.30%, 10/30/20 0.88%, 10/31/19 1.69%.
• The US Dept of Commerce/BEA says the Preliminary September 2021 US Personal Income Annual Rate is at $20.493 trillion, August was at $20.709 trillion, July $20.668 trillion, September 2020 $19.762, September 2019 $18.729 trillion.
• The US Dept of Labor says the 3Q21 US Employment Cost Index(Dec2005=100) is at 146.6, 2Q21 was at 144.7, 1Q21 143.7, 3Q20 141.1, 3Q19 138.0.
• The U of Michigan Final October 2021 US Consumer Sentiment Index is at 71.7, September was at 72.8, August 70.3, October 2020 81.8, October 2019 95.5. “The positive impact of higher income expectations and the receding coronavirus has been offset by higher rates of inflation and falling confidence in government economic policies….”
• The American Automobile Assn says on 10/29/21 the US Average Price for a Gallon of Regular Gas is at $3.401, 09/30/21 was at $3.189, 08/31/21 $3.159, 10/30/20 $2.142, 10/31/19 $2.614.
• MNI Indicators says the Preliminary October 2021 Chicago Business Barometer(>50=Economy growing) is at 68.4, September was at 64.7, August 66.8, October 2020 61.1, October 2019 43.2. “Firms say freight difficulties and the available supply of raw materials continue to hamper production.”
• On 10/29/21 the US Price for a Euro is $1.1560, on 09/30/21 it was at $1.1583, 08/31/21 $1.1809, 10/30/20 $1.1647, 10/31/19 $1.1153.
• On 10/29/21 the US Price for a Bitcoin is at $62,339, 09/30/21 it was at $43,725, 08/31/21 $47,008, 10/30/20 $10,401, 10/31/19 $7,338.

• Thursday, October 28, 2021

• The US Dept of Commerce says the Advance 3Q21 Real Gross Domestic Product Annual Rate for the Quarter is at +2.0%, $23.174 trillion, 2Q21 was at +6.7%, 1Q21 +6.3%, 3Q20 +33.8%, 3Q19 +2.8%.
• The US Dept of Labor says for the week ending 10/23/21 the US Weekly Initial Jobless Claims is at 281,000, 09/25/21 was at 362,000, 08/31/21 353,000, 10/24/20 751,000, 10/26/19 218,000; for the week ending 10/16/21 the US Total Insured Unemployment is at 2,243,000, 09/18/21 was at 2,802,000, 08/14/21 2,862,000, 10/17/20 7,756,000, 10/19/19 1,690,000.
• FreddieMac says for the week ending 10/28/21 the US Average 30 Year Fixed Rate Home Mortgage was at 3.14% with 0.7 points/fees, for 09/30/21 it was at 3.01%, 08/26/21 2.87%, 10/29/20 2.81%, 10/31/19 3.78%. “Mortgage rates are … rising, but purchase demand remains firm, showing that latent purchase demand exists among consumers.”

• Wednesday, October 27, 2021

• ADP in its Workforce Vitality Report says the Preliminary 3Q21 Average Hourly Wage Level-All is at $31.22, 2Q21 was at $30.83, 1Q21 $30.84, 4Q20 $30.20, 3Q20 $30.22.
• The National Retail Federation forecasts that “… holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compare with a previous high of 8.2 percent in 2020 to $777.3 billion and an average increase of 4.4 percent over the past five years….”
• The US Energy Information Administration says on 10/22/21 the US Crude Oil Millions of Barrels Stocks are at 430.8, 09/24/21 was at 418.5, 08/20/21 432.6, 10/23/20 492.4, 10/25/19 438.9.
• TrueCar says the Forecast October 2021 US New Car Sales-Retail is at 945,027 vehicles, Fleet 109,285, making October 2021 US New Car Sales Total Units at 1,054,312, September was at 1,006,931, August 1,095,323, October 2020 1,361,858; the October 2021 US New Car Sale Average Transaction Price is at $40,121, September was at $39,724, August $38,580, October 2020 $37,117. “Full-size pickup trucks are actually seeing a notable increase in finance offers which has helped drive that segment to almost 25% of new vehicle sales, a dramatic increase from 15% back in May.”

• Tuesday, October 26, 2021

• The Conference Board says the Preliminary October 2021 US Consumer Confidence Index(1985=100) is at 113.8, September was at 109.8, August 115.2, October 2020 101.4, October 2019 126.1. “…The proportion of consumers planning to purchase homes, automobiles, and major appliances all increased in October—a sign that consumer spending will continue to support economic growth through the final months of 2021…”
• The US Dept of Commerce/HUD says the Preliminary September 2021 US New Family Homes Sold Annual Rate is at 800,000, August was at 702,000, July 712,000, September 2020 971,000, September 2019 726,000; the September 2021 US New Family Homes Sold Median Price is at $408,800, August was at $401,500, July $399,700, September 2020 $344,400, September 2019 $315,700.
• The S&P CoreLogic Case-Shiller says the Preliminary August 2021 US National Home Price Index(01/2000=100) is at 268.62(+19.8% from August 2020), July was at 265.46, June 261.06, August 2020 224.15, August 2019 211.83.
• The US Federal Reserve Bank of Philadelphia says the October 2021 US 3rd District Nonmanufacturing General Activity Index is at 33.4, September was at 9.6, August 39.1, October 2020 16.0, October 2019 12.2. “The future activity indexes suggest that respondents expect improvement at their firms and in their region over the next six months.”
• The US Federal Reserve Bank of Richmond says the Preliminary October 2021 US 5th District Manufacturing Index(Annualized) is at +12%, September was at -3%, August +9%, October 2020 +29%, October 2019 +8%. “Manufacturers were optimistic that conditions would improve in the coming months but expected inventories to remain low for some time.”
• The US Federal Reserve Bank of Richmond says the Preliminary October 2021 US 5th District Service Sector Revenue Index(Annualized) is at +9%, September was at -3%, August +15%, October 2020 +19%, October 2019 +24%. “Firms were optimistic that business conditions would improve in the next six months.”

• Monday, October 25 2021

• The US Federal Reserve says the September 2021 US Monthly Receipts are at $459.5 billion, Outlays $521.1 billion, making the September 2021 US Monthly Deficit at $61.5 billion; the Fiscal Year Ending September 2021 US Annual Receipts were at $4,046.0 billion, Outlays $6,818.2 billion, making the Fiscal Year Ending September 2021 Deficit at $2,772.2 billion, September 2020 was at $3,131.9 billion, September 2019 $984.4 billion.
• The Federal Reserve Bank of Chicago says the Preliminary September 2021 US National Activity Index is at -0.13, August was at +0.05, July +0.83, September 2020 +0.37, September 2019 -0.50. “Index suggests slower economic growth in September.”

US Government/Other News

• The FDA approves the Pfizer/BioNTech COVID-19 vaccine for 5-11 year olds.
• The US House of Representatives members continue to negotiate and compromise on the infrastructure and spending bills, appear close to passing the legislation, but miss President Biden’s hope that something would be passed before the weekend.
• US President Biden met with Pope Francis at the Vatican on Friday, discussed climate change, COVID-19 issues, and poverty.
• US President Biden is in Europe to attend the 2021 G-20 Leaders Summit in Rome, Italy, then the 26th UN Climate Change Conference(COP26) in Glasgow, Scotland.
• 3Q21 corporate earnings releases continue to be strong, even though Amazon and Apple experience lower than expected results.
• Facebook changes its name to Meta Platforms, Inc, to reflect its leadership position in the Metaverse.
• Microsoft overtakes Apple as the world’s most valuable company.

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.)

Copyright © 2021 by Pax Business Resources, LLC, All Rights Reserved.

Empowering Astute Business Leaders and Shrewd Investors
Through The PBR1000 Analytics!