Published Every MondaySince 2007| Volume 750| April 12, 2021
So far YTD these many weeks were up (Bull), down (Bear), or draw (Bull/Bear) … Bulls (Markets UP) = 08… Bears (DOWN) = 05… and Draw = 01
Markets at their record highs!
The DOW was up +578 points or +1.7%, S&P 500 +94 points or +2.3%, and the NASDAQ +305 points or +2.2% for the week ending April 9th. US markets closed at record highs. The DOW is now approaching 34,000, S&P500 is above 4,100 and the Nasdaq is very close to crossing 14,000, yet in another record territory!
Oil dropped -$2.1 or -3.4% to $59.34 per barrel. Oil prices continue to hover close to $60 per barrel which is a positive sign for the energy industry which is under pressure for the last few years.
Covid cases are rising again across the globe. Experts are fearful of a potential 4th wave driven by people becoming more complacent, governments relaxing rules to open businesses, and the Covid virus mutating into a more potent virus. Vaccine remains effective protection against Covid. Vaccine deployment in the US is going well. Close to 1/3 of the US population is vaccinated with at least one or two doses. However, there are many holdouts who are not getting vaccinated. These people can spoil the economic recovery, increase virus mutation, and cause more havoc on others who are already following CDC guidelines.
US Covid-19 deaths have crossed unfortunate mark of 575K (+7K from last week). US Covid deaths > than US lives lost in WW I, II, Vietnam war, and 9-11 Combined!!
Global Covid cases ~136 million (+5M); Global deaths > 2.9 million;
US Covid cases = ~32million (~24% of world); US deaths ~ 575K (or ~20% of the world)
The richest nation on earth US has about 4.3% of the world population but it has lost 20% of the lives lost worldwide! Source: www.worldometers.info
In YTD 2020 Dow is up +10.4%, S&P500 is +9.9% and the NASDAQ is +7.9%
In 2020 Dow was up +7.2%, S&P500 is UP+16.3% and the NASDAQ is UP +43.6%
In 2019 DOW was up +22.3%, S&P500 up +28.9% and 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 NASDAQ up 28.2%