Monday, stocks closed unchanged in Asia, fell 0.8% in Europe and rose 0.4% in the U.S. on very high volume. The VXO fell 11% to close at 29.56. Precious metals gained 1% and their miners moved up four times that amount. The Dow, S&P, NASDAQ, and NYSE indices closed above their 26,000, 3100, 10,000, and 12,000 benchmarks respectively. Apple closed well above its 350 benchmark. The NASDAQ close was also a record high.
Tuesday, stocks shot up 1.3% in Asia and 1.4% in Europe. In the U.S. stocks rose 0.4% on massive volume. Apple closed above its 360 benchmark. IBM closed below its 120 benchmark.
Wednesday, stocks closed unchanged in Asia but plummeted 2.8% in Europe and 2.9% in the U.S. on massive volume. The VXO rose 12% to close at 33.11. The Dow, S&P, NASDAQ, and NYSE indices closed below their 26,000, 3100, 10,000, and 12,000 benchmarks respectively. While many differing views exist for real estate trends, here’s one view that you may wish to consider.
Thursday, stocks fell 1.2% in Asia, rose 0.8% in Europe, and gained 1.2% in the U.S. on extremely high volume. The VXO fell 8% to close at 30.54. At the close the NASDAQ recaptured the 10,000 mark.
Friday, stocks in Asia gained 0.3%, in Europe fell 0.4%, and plummeted 2.2% in the U.S. on extremely high volume. The VXO rose 12% to close at 34.35. The 10-Year U.S. Treasury bond yield fell 6% to close at 0.64. Apple closed well below its 360 benchmark. Here’s an article that lays out the case for continued economic decline. And a late-breaking article basically makes the case that the current riot turmoil has ushered in the trend away from cities and back to suburbs.