Cryptos Swoon

Monday, stocks gained 0.3% in Asia, 1.2% in Europe, and 0.7% in th U.S. on strong volume. The 10-Year U.S. Treasury Bond yield rose 2%, to close at 2.39. All three major stock indices again posted record closing highs.

Tuesday. stocks shot up 1.2% in Asia, fell 0.5% in Europe, and dropped 0.3% in the U.S. on moderate volume. The VXO moved up 7% to close at 8.52. The 10-Year U.S. Treasury Bond yield rose 3%, to close at 2.46.

Wednesday, stocks fell 0.3% in Asia and 0.7% in Europe, while closing unchanged in the U.S. on moderate volume. Precious metals miners did gain about 2%. Thursday, Asia and Europe unchanged, U.S. up 0.4% on moderate volume. Friday, stocks gained 0.8% in Asia, fell slightly in Europe, and closed little changed in the U.S. on low volume. The big excitement Friday was about a 30% crash in crypto currencies a few days after news came out of Litecoin’s developer was dumping his.

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