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Published Every Monday Since 2007   | Volume 807 | May 16, 2022

  So far YTD these many weeks were markets were up (Bull picture shown), down (Bear picture), or draw (Bull/Bear picture) …
Bulls (Markets UP) = 8…
Bears (DOWN) = 11… and
Draw = 0


Yet another wild week – the DOW drops 489 points

  • Markets continued the decline.  Markets slipped early in the week, however, tried to recover later in the week.  In the end the DOW lost -489 points or -1.5%, S&P 500 down -57 points or -1.4%, and the NASDAQ -118 or -1.0% for the week ending May 13th.   Oil stayed flat slightly down -$0.5 or -0.4% to $110.16 per barrel. 
  • Inflation, inflation, inflation… It is the root cause.  This week inflation tipped lower to 8.3% (from 8.5% in March), however, it is hovering at a 50-year high.  The Federal Reserve is working hard to tame the inflation to its stated goal of around 2%, however, strong job market which is good but increasing demand than supply, supply chain issues remain though resolving, Russia-Ukraine war impacting oil and wheat prices, and now China shut down due to surge in Covid causing yet another stress on supply of manufactured good to the US are some of the complicating factors.


  • 2022 the DOW is -11.4%, S&P500 is -15.6% and the NASDAQ is -24.5%
  • 2021 the DOW was up +18.7%, S&P500 +26.9% and the NASDAQ +21.4%
  • In 2020 the DOW was up +7.2%, S&P500  UP+16.3% and the NASDAQ UP +43.6%
  • In 2019 the DOW was up +22.3%, S&P500 up +28.9% and the NASDAQ up +35.2%
  • In 2018 the DOW was down -6.7%,  S&P500 down -7.0% and NASDAQ down -4.6%.
  • In 2017 the DOW was up 25.1%, S&P500 up 19.4% and the NASDAQ up 28.2%

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