Monday, stocks rose slightly in Asia, closed little-changed in Europe, and fell slightly in the U.S. on low volume. It was a quiet day for trading securities. Tuesday, stocks closed nearly unchanged in Asia, fell 0.6% in Europe, and fell slightly in the U.S. on low volume. The VXO jumped up 9% to close at 9.75 while the 10-Year U.S. Treasury Bond yield fell 2% to close at 2.15. Precious metals gained 2% and their miners rose twice that amount.
Wednesday, stocks closed little changed around the world on moderate volume. It was as if traders held their collective breath as they awaited Thursday’s Comey testimony, election in Great Britian, and ECB central bank decision. Major news channels even displayed silly countdown clocks to increase the suspense of the Comey show.
Thursday, stocks in Asia fell slightly while in Europe in the U.S. they closed little-changed on strong volume. Despite the lack of movement, the NASDAQ managed to log another record closing high. Precious metals fell 1% and miners shed about twice that amount as the Comey testimony was a net gain for Trump.
Friday, stocks in Asia rose slightly, in Europe rose 0.4%, and in the U.S. rose 0.6% on high volume. This time it was the Dow Jones Industrial Average that logged a record closing high. The politics of the week yielded high drama but little else.