Monday, stocks gained 1.3% in Asia, 1.6% in Europe and 1.9% in the U.S. on high volume. Precious metals gained 1% and their miners closed up three times that amount. The S&P 500 Index closed above its 3300 benchmark.
Tuesday, stocks closed unchanged in Asia, but shot up 2.4% in Europe and 1.7% in the U.S. on high volume. The VXO fell 8% to close at 36.49. The 10-Year U.S. Treasury bond yield rose 4% to close at 0.88. The Dow and NASDAQ closed above their respective 27,000 and 11,000 benchmarks.
Wednesday, stocks gained 1.2% in Asia, 2.1% in Europe, and 0.8% in the U.S. on very high volume. The 10-Year U.S. Treasury bond yield plummeted 13% to close at 0.77. The S&P 500 Index closed above its 3400 benchmark. IBM closed above its 110 benchmark.
Thursday, stocks moved higher by 2.1% in Asia, 0.9% in Europe, and 1.7% in the U.S. on very high volume. The VXO fell 9% to close at 28.44. Precious metals gained 3% and their miners moved up twice that amount. The Dow Jones Industrial Average, the S&P 500, and NYSE closed above their 28,000, 3500, and 13,000 benchmarks respectively. The FOMC met and made no policy changes.
Friday, stocks gained 1.0% in Asia, closed little changed in Europe, and gained slightly in the U.S. on very high volume. The VXO fell 7% to close at 26.40. The 10-Year U.S. Treasury bond yield gained 7% to close at 0.82. While the prospects for rule-of-law and freedom hang in the balance, the stock market roars higher. For the week, the major stock indices rose 7% and cryptocurrencies logged nearly a 20% gain.