Monday, stocks in Asia and Europe closed nearly unchanged but rose slightly in the U.S. on moderate volume. Tuesday, stocks closed little changed around the world on strong volume. The VXO moved up 8% to close at 12.75. The 10-Year U.S. Treasury Bond yield fell 3% to close at 2.30 while precious metals gained 2% and their miner jumped up twice that amount.
Wednesday, stocks in Asia closed up slightly but in Europe closed little changed. In the U.S. stocks lost 0.4% on strong volume. Thursday, stocks closed virtually unchanged in Asia while stocks closed down 0.4% in Europe, and 0.9% in the U.S. on strong volume. The VXO gained 11% to close at 14.40. The 10-Year U.S. Treasury Bond yield fell 3% to close at 2.23 in flight to safety related to escalating military tensions. Included in the fun was exploding the largest non-nuclear bomb ever used. IBM dropped below 170.
Friday, stocks fell slightly in Asia. Markets were closed in Europe and the U.S. for Good Friday. Here’s a good article with some very good charts. It makes the case that the party will be ending soon. For the week stocks lost about 1%.