Monday stocks rose slightly in both Asia and Europe. In the U.S., stocks gyrated wildly but closed up 1.3% on moderate volume. After spiking up to over 31, the VXO ended the day falling 11% to close at 18.57 while oil jumped another 6% higher. Tuesday, stocks fell 0.3% in Asia, but rose 0.8% in Europe and shot up 1.7% in the U.S. on moderate volume. The VXO slid 13% to close at 16.18. The price of oil rose up another 4% to $52 per barrel. The 10-year U.S. Treasury Bond yield blasted 6.4% higher to close at 1.78.
Wednesday, stocks blasted 1.7% higher in Asia, rose 0.6% in Europe, and fell 0.7% in the U.S. on moderate volume. The VXO rose 8% to close at 17.44. Crude oil slid back below $50 per barrel to close at $48.90. Thursday, stocks in Asia and Europe closed nearly unchanged. But in the U.S., they rose 1.1% on low moderate volume as crude oil rose again over 5% to close above $50 per barrel. The VXO fell 7% to end the day at 16.30.
Friday, stocks rose 0.3% in Asia and slightly in Europe. But the U.S., they fell 0.5% on low moderate volume. The VXO rose 6% to close at 17.27 despite crude oil rising to over $53 per barrel. The 10-year U.S. Treasury Bond yield shot up 6.8% higher to close at 1.94 in response to the latest U.S. payrolls lie. Here are a couple more articles worth considering. One shows the Baltic Dry Index languishing and the other describes the ultimatum that the EU gave to Greece. Hold on to your hats!