Monday, stocks rose in Asia 0.4% and slightly in Europe and the U.S. on extremely low volume. Here’s an interesting article outlining unintended consequences of the actions of the Federal Reserve. Precious metals continued their decline this time falling about 1%, but the 10-Year U.S Treasury Bond yield rose over 3% to close at 2.53. Tuesday, stocks rose in Asia 0.4% but fell in Europe that same amount. Stocks in the U.S. closed virtually unchanged on low trading volume.
Wednesday, stocks fell slightly in Asia but were nearly unchanged in Europe and the U.S. on very low volume. Here’s an an article summarizing the tricks corporations have been playing to lie with numbers and another highlighting the latest greater fool. Thursday, stocks in Asia closed virtually unchanged. The big news was the ECB monetary policy changes including negative interest rates. Stocks in Europe gained 0.4% while in the U.S. they shot up 0.7% on low volume. This was another day where major index all-time-highs were logged.
Friday, Asian stocks closed up slightly but European stocks powered upward 0.6%. In the U.S. fear hit new lows with the VXO crashing nearly 8% to close at the 10.27 — a mark not seen since 2008 while stocks climbed ever higher to tack on another 0.5% on low volume. For the week, stocks rose about 1.3% to set repeated record major index highs.