The January 2022 US Stock Market News Recap

The Stock Market Bear charged into 2022 determined to do better than 2021, takes January by large margins, and already matches his only one outright monthly win in 2021.

By Larry C. Paxton

The US Stock Market January 2022 Summary:

On the first trading day of 2022, Monday of Week 1, The Stock Market Bull charged into the pasture, was in full command, had an excellent day, and established new record closes for the DJIA and S&P500, while The Stock Market Bear continued to drown his sorrows from his major 2021 loss at a nearby watering hole. On Tuesday The Stock Market Bull again established a new record close on the DJIA, but The Stock Market Bear had crept into the pasture and took out some nibbles on the NASDAQ and S&P500. An encouraged The Stock Market Bear then took over the rest of the week with a 9-0 session wins across the 3 major US stock indices across 3 days and easily took Week 1.

Week 2 was a back and forth between The Stock Market Bull and The Stock Market Bear, with The Stock Market Bull taking 9 of the 15 trading sessions. But the 6 sessions The Stock Market Bear took were good sized bites and he prevailed again with a 3-0 result for the week.

Week 3 was a four day trading week, with Martin Luther King Jr Day being observed on Monday. The Stock Market Bear had the week to himself, taking all 16 of the trading sessions by significant margins, notched his first trifecta of weekly wins in some time, with the NASDAQ losing 1 to nearly 3% on those days.

Week 4 was another back and forth, but on Friday The Stock Market Bull had had enough, captured all three indices by large amounts and Friday, and by enough to get his first weekly win of 2022.

The Stock Market Bull again took charge on Monday of Week 5, the last day of January, and once again completely dominated the pasture with 1%+ to 3%+ victories. Nevertheless, while an impressive way to end the first month of the year, it was not nearly enough. The Stock Market Bear gets his first monthly 3-0 win of 2022, matching his result in all of 2021.

As always, the experts are all over the place about what is happening and will happen, most of it based on conjectures of what is happening with COVID-19 variants, Russia gaming the world about whether or not it will invade Ukraine, N Korea ballistic missile tests, continuing supply logistics issues, a US mid-term election that will heat up soon, and who knows what else. Place your bets carefully, we wish you the best!

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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.

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The Week 3 of 2022 US Stock Market News Recap

The Stock Market Bear starts 2022 with a trifecta of weekly outright 3-0 wins. When will The Stock Market Bull stop him?

By Larry C. Paxton

The US Stock Market Week 3 Summary:

The Stock Market Bear, still smarting from his overwhelming loss to The Stock Market Bull in 2021, has made up for it a little bit by achieving the rare 3 weekly wins in a row trifecta to start out 2022. It has been a convincing string of wins. The shortened Week 3, with 4 trading days because of the Martin Luther King Jr Day observance on Monday, was The Stock Market Bear‘s most dramatic win, taking every one of the 12 trading sessions across the three major US stock indices by significant margins. The Omnicron COVID-19 variant, inflationary fears, anticipation of how the US Federal Reserve responds with interest rates, continuing supply logistics and hiring issues, US government difficulties in passing bills, another sure to be contentious election year starting to emerge, to name just a few problems, may help The Stock Market Bear make this into a longer term string of wins. But history says at some point in time The Stock Market Bull will return to even greater glory, but so far it has been a painful waiting period.

Summary News Items for Week 3:

US Economic News

• Friday, January 21, 2022

• The Conference Board says the Preliminary December 2021 US Leading Economic Index(2016=100) is at 120.8, November was at 120.0, October 119.3. “For the first quarter, headwinds from the Omicron variant, labor shortages, and inflationary pressures—as well as the Federal Reserve’s expected interest rate hikes—may moderate economic growth. The Conference Board forecasts GDP growth for Q1 2022 to slow to a relatively healthy 2.2 percent (annualized). Still, for all of 2022, we forecast the US economy will expand by a robust 3.5 percent—well above the pre-pandemic trend growth.”

• Thursday, January 20, 2022

• The Natl Assn of Realtors says Preliminary December 2021 US Existing Home Sales Annual Rate is at 6,180,000, November was at 6,470,000, October 6,340,000, December 2020 6,650,000, December 2019 5,530,000; December 2021 US Existing Home Sales Median Price is at $358,000, November was at $353,900, October $353,900, December 2020 $309,200, December 2019 $274,500. “This year, consumers should prepare to endure some increases in mortgage rates… I also expect home prices to grow more moderately by 3% to 5% in 2022, and then similarly in 2023 as more supply reaches the market.”
• The US Federal Reserve Bank of Philadelphia says the Preliminary January 2022 3rd District Manufacturing General Activity Indicator is at +23.2, December was at +15.4, November +39.0, January 2021 +26.5, January 2020 +13.7. “The survey’s indicators for general activity, shipments, and new orders posted modest increases after falling sharply last month. The employment index remained positive but decreased. The price indexes remained elevated. Responding firms remained generally optimistic about growth over the next six months.”

• Wednesday, January 19, 2022

• The US Dept of Commerce/HUD says the Preliminary December 2021 US New Residential Building Permits Issued Annual Rate is at 1,873,000, November was at 1,717,000, October 1,653,000, December 2020 1,758,000, December 2019 1,457,000.
• The Natl Assn of Home Builders/Wells Fargo Preliminary January 2022 US Housing Market Composite Index is at 83, December was at 84, November 83, January 2021 83, January 2020 75. “… The most pressing issue for the housing sector remains a lack of inventory. Building has increased but the industry faces constraints, namely cost/availability of materials, labor and lots. And while 2021 single-family starts are expected to end the year about 25% higher than the pre-Covid 2019 level, we expect higher interest rates in 2022 will put a damper on housing affordability.”

• Tuesday, January 18, 2022

• The US Federal Reserve Bank of New York says the January 2022 Empire State Manufacturing Survey General Business Conditions Index is at -0.7, December was at +31.9, November +30.9, January 2021 +3.5, January 2020 +3.3. “New orders declined slightly, while shipments held steady. Delivery times continued to lengthen, and unfilled orders increased. Labor market indicators pointed to a moderate increase in employment and a longer average workweek. Both price indexes moved lower, but remained elevated. Plans for capital and technology spending were strong. Looking ahead, firms remained optimistic that conditions would improve over the next six months.”

• Monday, January 17, 2022

• ***Martin Luther King, Jr., Day Observed.
  ***US Federal Government Offices Closed.
  ***US Post Office Closed.
  ***US Stock Exchanges Closed.

US Government/Other News

• The Omnicron COVID-19 variant pandemic continues to reach new highs in the US, but appears to start leveling off by the end of the week. US President Biden says the US government will be giving away 400 million N95 masks.
• In his first press conference of 2022 US President Biden says his “Build Back Better” legislation will probably have to broken up into several legislative pieces as the US Senate is unable to override traditional filibuster rules.
• US airlines and airports express concerns over the implementation of 5G networks by major communications vendors near airports because of possible issues with aircraft and airport communications gear.
• The US stock market takes a deep dive for the 3rd week in a row because of inflationary concerns, the US Federal Reserve indicating plans to aggressively increase short term interest rates, increasing initial jobless claims, international issues, and mixed initial 4Q2021 corporate earnings reports, especially from technology companies.
• Russia continues to build up troop strength along the Ukraine border increasing tensions in the area. Negotiations by the US and NATO allies have not had any diplomatic breakthroughs as talks continue.
• A major UAE Abu Dhabi oil facility is hit by a drone attack apparently by Iran-backed Yemen Houthi rebels.
• An undersea volcanic eruption in the islands country of Tonga wipes out villages and communications. The eruption could be heard over 2,000 miles away. International relief efforts are stalled because of the destruction, the major airport being closed because of the ash. By the end of the week some supplies were finally arriving.

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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: 

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The Week 2 of 2022 US Stock Market News Recap

The Stock Market Bull had the lead through Wednesday of Week 2 of 2022, but The Stock Market Bear had a big Thursday and gets the 3-0 Week 2 win.

By Larry C. Paxton

The US Stock Market Week 2 Summary:

At the close on Wednesday The Stock Market Bull was ahead for the week. But on Thursday The Stock Market Bear charged onto the pasture, scattered the herd, and took a big bite out of some. The Stock Market Bull made a feeble recovery on Friday but it was not nearly enough. The Stock Market Bear starts out 2022 with two weekly wins. Will he get the trifecta next week?

Summary News Items for Week 2:

US Economic News

• Friday, January 14, 2022

• The US Dept of Labor says “The price index for U.S. imports declined 0.2 percent in December, the first monthly decrease since the index fell 0.2 percent in August 2021. Despite the December drop, U.S. import prices increased 10.4 percent over the past year. The advance in 2021 was the largest calendar-year rise since import prices increased 10.6 percent in 2007… U.S. export prices decreased 1.8 percent in December, after advancing 0.8 percent in November and 1.9 percent in October. The December decline was the largest 1-month drop since the index fell 3.5 percent in April 2020. Despite the December decrease, U.S. export prices rose 14.7 percent from December 2020 to December 2021. The 2021 advance was the largest calendar-year increase since the series was first published in 1984.”
• The Federal Reserve reported “Industrial production declined 0.1 percent in December. Losses of 0.3 percent for manufacturing and 1.5 percent for utilities were mostly offset by a gain of 2.0 percent for mining. For the fourth quarter as a whole, total industrial production rose at an annual rate of 4.0 percent. At 101.9 percent of its 2017 average, total industrial production in December was 3.7 percent higher than it was at the end of 2020 and 0.6 percent above its pre-pandemic (February 2020) reading. Capacity utilization for the industrial sector edged down 0.1 percentage point in December to 76.5 percent, a rate that is 3.1 percentage points below its long-run (1972–2020) average.”
• The US Dept of Commerce/Census reports that “Sales: The combined value of distributive trade sales and manufacturers’ shipments for November, adjusted for seasonal and trading day differences, but not for price changes, was estimated at $1,723.7 billion, up 0.7 percent (±0.2 percent) from October 2021 and was up 17.6 percent (±0.6 percent) from November 2020. Inventories: Manufacturers’ and trade inventories for November, adjusted for seasonal and trading day differences, but not for price changes, were estimated at an end-of-month level of $2,158.2 billion, up 1.3 percent (±0.1 percent) from October 2021 and were up 8.7 percent (±0.5 percent) from November 2020. Inventories/Sales Ratio: The total business inventories/sales ratio based on seasonally adjusted data at the end of November was 1.25. The November 2020 ratio was 1.35.”
• The US Dept of Commerce/Census reports Advance estimates of U.S. retail and food services sales for December 2021, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $626.8 billion, a decrease of 1.9 percent (±0.5 percent) from the previous month, but 16.9 percent (±0.9 percent) above December 2020. Total sales for the 12 months of 2021 were up 19.3 percent (±0.5 percent) from 2020. Total sales for the October 2021 through December 2021 period were up 17.1 percent (±0.7 percent) from the same period a year ago. The October 2021 to November 2021 percent change was revised from up 0.3 percent (±0.5 percent)* to up 0.2 percent (±0.3 percent)*. Retail trade sales were down 2.1 percent (±0.4 percent) from November 2021, but up 14.4 percent (±0.7 percent) above last year. Gasoline stations were up 41.0 percent (±1.6 percent) from December 2020, while food services and drinking places were up 41.3 percent (±4.0 percent) from last year.
• The U of Michigan Preliminary January 2022 US Consumer Sentiment Index is at 68.8, December was at 70.6, November 67.4, December 2020 80.7, December 2019 99.3. “Sentiment posted a small loss in early January (-2.5%), falling to the second lowest level in a decade, which was recorded in November (67.4). The Sentiment Index has averaged just 70.3 in the past six months, whereas in the first six months of 2021 it averaged 82.9. While the Delta and Omicron variants certainly contributed to this downward shift, the decline was also due to an escalating inflation rate…..”

• Thursday, January 13, 2022

• The US Dept of Labor says the Preliminary December 2021 US Producer Price Index Total Monthly Change in Final Demand is at +0.2%, November was at +1.0%, October +0.6%, December 2020 +0.3%, December 2019 +0.3%; December 2021 US Producer Price Index Total Last 12 Months Change in Final Demand is at +9.7%, November was at +9.8%, October +8.9%, December 2020 +0.8%, December 2019 +1.4%.

• Wednesday, January 12, 2022

• The US Dept of the Treasury says the December 2021 US Federal Government Receipts are at $486.7 billion, Outlays $508.9 billion, making December 2021 US Federal Government Deficit at $21.3 billion, November Deficit was at $191.3 billion, October Deficit $165.1 billion, December 2020 Deficit $143.6 billion, December 2019 Deficit $13.3 billion; December 2021 Deficit YTD(3 months) is at $377.7 billion, December 2020 Deficit YTD $572.9 billion, December 2019 Deficit YTD $356.6 billion.
• The US Dept of Labor says the Preliminary December 2021 US Current Average Earnings/Hour is at $31.31, Average Hours Worked/Week is at 34.7, making December 2021 Current Average Earnings/Week at $1,086.46, November was at $1,079.86, October $1,076.05, December 2020 $1,037.88, December 2019 $973.09.
• The US Dept of Labor says the December 2021 US Consumer Price Index Monthly Change is at +0.5%, November was at +0.8%, October +0.9%, December 2020 +0.2%, December 2019 +0.2%, December 2021 Last 12 Months Change is at +7.0%, November was at +6.8%, October +6.2%, December 2020 +1.4%, December 2019 +2.3%.
• The US Federal Reserve releases the Beige Book for data through 01/03/22, says, “Economic activity across the United States expanded at a modest pace in the final weeks of 2021. Contacts from many Districts indicated growth continued to be constrained by ongoing supply chain disruptions and labor shortages. Despite the modest pace of growth, demand for materials and inputs, and demand for workers, remained elevated among businesses.”

• Tuesday, January 11, 2022

• CoreLogic says the October 2021 US Home Mortgages 30 or more Days Delinquent are at 3.8%, September was at 3.9%, August 4.0%, October 2020 6.1%, October 2019 3.7%. “Economic recovery and loan modification have helped reduce the number of loans that were in serious delinquency by just over one million from the August 2021 peak. Nonetheless, there were about one-half million more loans in serious delinquency in October than at the start of the pandemic in March 2020.”

• Monday, January 10, 2022

• The US Dept of Commerce/Census says the Preliminary November 2021 US Wholesale Sales-Durables is at $292.0 billion, Non-Durables $338.8 billion, making November 2021 US Wholesale Sales Total at $630.8 billion, October was at $622.4 billion, September $606.9 billion, November 2020 $511.7 billion, November 2019 $497.9 billion.

US Government/Other News

• US President Biden orders 500 million more COVID test kits, will also be shipping kits to schools, providing free masks.
• The US Supreme Court blocks vaccine-or-test rules for big businesses.
• US hospitals nationwide report that they are nearly maxed out with COVID-19 cases, hospitalizations have reached record highs from January 2021.
• The surge in the Omnicron COVID-19 variant is expected to peak by the end of January.
• US Federal Reserve Chairman Jerome Powell testifies at his confirmation hearing in the US Senate, says he expects Fed to raise interest rates in 2022 to slow down inflation, to phase out buying of securities.
• US President Biden suggests that the US Senate change its filibuster rules so that it can vote on in limbo voting rights bills.
• Tensions continue to mount over concerns of a possible invasion by Russia into Ukraine, Russia says it is just doing military exercises in the area.
• N Korea launches some more missiles.

More Resources:

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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.)

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