Monday, stocks closed nearly unchanged in Asia, rose 0.5% in Europe, and fell 0.4% in the U.S. on light volume. Precious metals miners lost 3%. Tuesday, the frothy stock market fell around the globe — in Asia and Europe 1.9% and in the U.S. 1.2% on moderate volume. The VXO gained 12% to close at 15.44. Precious metals and their miners gained 2% while the 10-Year U.S. Treasury Bond yield fell 3% to close at 1.73. From the Turkey-Stock Buyback Department, IBM closed at exactly 150.
Wednesday, stocks closed little changed in Asia but rose 0.8% in Europe and 1% in the U.S. on light volume. The big story for the day was the release of the FOMC meeting notes. The VXO was beaten back down 9% to close at 14.02. The 10-Year U.S. Treasury Bond yield rose 2% to close at 1.76 while crude oil shot up over 5%.
Thursday, stocks rose 1.1% in Asia, fell 0.8% in Europe, and fell 1.4% in the U.S. on light volume. The VXO shot up 16% to close at 16.50 while precious metals miners dropped 3% and the 10-Year U.S. Treasury Bond yield fell 4% to close at 1.69. This negative sentiment was enough to drag IBM below the 150 mark again. On the political front, here’s a good article recounting some of Trump’s statements regarding the economy and his plans to fix it.
Friday, stocks continued their rise in Asia — this time up 0.3%. In Europe they recovered by rising 1.2% while in the U.S. they rose 0.7% on light volume. The VXO fell 6% to close at 15.48 while precious metals miners rose 4%. The 10-Year U.S. Treasury Bond yield rose 2% to close at 1.72, and crude oil shot up over 6% to close near the $40 mark. And finally, in its quest for eternal significance the FOMC released the notes from their most recent meeting.