Over the weekend, President Trump acted on his own using executive orders to provide more economic stimulus in the form of helicopter money.
Monday, stocks fell 0.5% in Asia but rose 0.3% in Europe and 0.6% in the U.S. on high volume. The VXO fell 5% to close below the greed/fear mark at 19.43. The 10-Year U.S. Treasury bond yield rose 2% to close at 0.57. Precious metals gained 1%. The NASDAQ closed below the 11,000 mark while Apple closed above its 450 benchmark.
Tuesday, stocks gained 1.4% in Asia and 1.6% in Europe but closed unchanged in the U.S. on extremely high volume. The VXO blasted 18% higher to close at 22.51 and return into the fear category. The 10-Year
U.S. Treasury bond yield shot up 15% to close at 0.66. Precious metals plunged 10% and their miners lost 8% after a relentless string of recent gains. Apple closed below the 440 benchmark.
Wednesday, stocks gained 0.5% in Asia, 1.2% in Europe, and 1.0% in the U.S. on high volume. The VXO fell back 13% to close below the key 20 level at 19.68. The 10-Year U.S. Treasury bond yield rose 2% to close at 0.67. The NASDAQ closed above 11,000 as Apple reclaimed its 450 closing benchmark.
Thursday, stocks ended little changed in Asia but fell 0.7% in Europe and the U.S. on strong volume. The 10-Year U.S. Treasury bond yield rose 7% to close at 0.72. Precious metals and their miners recovered a bit of the big losses from the previous day with gains of 4%.
Friday, stocks closed unchanged in Asia, fell 1.2% in Europe, and fell slightly in the U.S. on moderate volume.