Monday, stocks fell in Asia 1.4%, in Europe 2.2%, and in the U.S. 1.2% on strong volume. The VXO shot up 33% to close at 17.08.IBM tumbled below the 140 per share mark. Here’s a good article indicating that the new Federal Reserve chair is headed a different direction.
Tuesday, stocks fell 0.3% in Asia, closed nearly unchanged in Europe, and rose slightly in the U.S. on moderate volume. The VXO fell 11% to close at 15.20. Wednesday, stocks in Asia fell 1%, in Europe rose 0.8%, and in the U.S. fell 0.8% on strong volume. The VXO gained 14% to close at 17.29. The 10-Year U.S. Treasury Bond yield rose 2% to close the day at 2.88.
Thursday stocks in Asia fell slightly, in Europe lost 0.8% but in the U.S. gained 0.5% on strong volume. The VXO fell 9% to close at 15.80 while IBM made it back just above 140. Friday, stocks gained 0.7% in Asia, 0.8% in Europe, and slightly in the U.S. on moderate volume. The VXO fell 6% to close at 15.26 as IBM dropped below the 140 benchmark again.