Jackson Hole Yawn

Monday, stocks closed little changed in Asia, fell 0.4% in Europe, and gained slightly in the U.S. on low volume. The VXO fell 9% to close at 11.80. Tuesday, stocks rose slightly in Asia, 0.9% in Europe, and 0.7% in the U.S. on low volume. The VXO fell 15% to close at 10.04.

Wednesday, stocks gained 0.4% in Asia, fell 0.5% in Europe and slightly in the U.S. on low volume. The VXO moved up 9% to close at 10.90 while the 10-Year U.S. Treasury Bond yield closed down 2% to close at 2.17. Thursday, stocks closed nearly unchanged in Asia and the U.S. on low volume and gained slightly in Europe.

Friday, stocks closed up in Asia 0.3%  and the U.S. on very low volume. Stocks closed nearly unchanged in Europe. The VXO closed off 9% at 10.28. The financial meeting at Jackson Hole produced scant news to move markets.

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