Monday, stocks closed up 0.6% in Asia, up slightly in Europe, but closed unchanged in the U.S. on low volume. Major indices were marginally higher continuing the record high close syndrome. Cryptocurrencies fell more than 10%. Tuesday, stocks closed up slightly in Asia, gained 0.3% in Europe, and fell slightly in the U.S. on low volume. Cryptocurrencies took another 10% dive.
Wednesday stocks fell slightly in Asia, gained 0l4% in Europe, and fell 0.6% in the U.S. on light volume. The VXO gained 12% to close at 13.98. This brought the S&P 500 down to close below the 3000 benchmark. The 10-Year U.S. Treasury bond rate fell 3% to close at 2.06. Precious metals shot up 2.5% and miners gained about twice amount.
Thursday, stocks fell 0.8% in Asia and slightly in Europe. Stocks in the U.S. gained 0.4% on light volume. Precious metals gained 2% and their miners moved up twice that amount. The news that moved the market was dovish statements by an FOMC member After the close, a Fed spokesman walked it back.
Cryptocurrencies jumped up about 10% for the day.
Friday, stocks shot up 1.4% in Asia, closed nearly unchanged in Europe, and fell 0.4% in the U.S. on light volume. The VXO moved up 8% to close at 14.52. Precious metals and their miners lost 1%.