Big Banks Lead Stocks Higher

Monday, stocks rose 1.4% in Asia, closed nearly unchanged in Europe but declined 0.5% in the U.S. on 8B shares traded. The VIX moved up 7% to close at the 20.00 pivot point.

Tuesday, stocks fell 1.2% in Asia but closed nearly unchanged in Europe and up slightly in the U.S. on 9B shares traded. The 10-Year U.S. Treasury bond yield fell 2% to close at 1.58. Precious metals gained 1% and their miners moved up twice that amount.

Wednesday, stocks fell slightly in Asia but rose 0.6% in Europe and 0.4% in the U.S. on 9B shares traded. The VIX fell 6% to close at 18.64 and move into the greed region. The 10-Year U.S. Treasury bond yield fell 2% to close at 1.55. Gold miners moved up 3%. The FOMC minutes confirmed tapering the obscene bond purchases to begin in a month or so and increasing interest rates to start mid 2022.

Thursday, stocks fell 0.7% in Asia but rose 1.2% in Europe and 1.4% in the U.S. on 9B shares traded. The VIX fell 10% to close at 16.86. The 10-Year U.S. Treasury bond yield fell 2% to close at 1.52. Precious metals gained 1% and their miners advanced twice that amount.

Friday, stocks gained 1.5% in Asia and 0.8% in Europe and in the U.S. on 10B shares traded. The 10-Year U.S. Treasury bond yield rose 4% to close at 1.58. The Dow Jones Industrial Average closed above its 35,000 benchmark. Cryptos advanced about 10% for the week.