Another Day, Another Record

Monday, stocks rose 1% in Asia, fell 0.6% in Europe, and fell 0.4% in the U.S. on strong volume. The 10-Year U.S. Treasury Bond yield fell 3% to close at 2.40 while precious metals miners rose 3%. Tuesday, stocks fell 0.6% in Asia, rose 0.3% in Europe, and fell slightly in the U.S. on strong volume. The NASDAQ logged another closing high.

Wednesday, stocks in Asia rose 0.5%. In Europe they rose slightly, and in the U.S. they ended little changed on strong volume. The 10-Year U.S. Treasury Bond yield fell 2% to close at 2.35. The NASDAQ closed positive and thereby posted another record closing high.

Thursday stocks fell 0.3% in Asia but rose 0.9% in Europe and 0.7% in the U.S. on strong volume. All three major stock indices ended the day at all-time record highs as President Trump indicated major positive changes would be coming to the tax code in the next few weeks. The 10-Year U.S. Treasury Bond yield gained 2% to close at 2.40 while precious metals lost 1% and their miner fell three times that amount.

Friday, Asian stocks followed the West by climbing 0.8% as Trump smoothed things over with China. Stocks in Europe were up slightly and those in the U.S. rose 0.4% on strong volume. Incremental upticks brought the three major stock indices another day of all-time record closing highs.

Leave a Reply

Your email address will not be published. Required fields are marked *