Stocks Strong but Cryptos Soar

Monday, stocks fell 0.3% in Asia but gained 0.3% in Europe and 1.0% in the U.S. on very high volume. The VXO moved up 7% to close at 23.94. Precious metals miners lost 2% while the Dow Jones Industrial Average slipped to close below its 30,000 benchmark.

Tuesday, stocks fell 0.7% in Asia but gained 0.3% in Europe and 1.3% in the U.S. on very high volume. The VXO dropped 7% to close at 22.20. The 10-Year U.S. Treasury bond yield rose 3% to close at 0.92. Precious metals gained 2% while their miners moved up 3%. The Dow Jones Industrial Average recovered to close back above its 30,000 benchmark and set a new closing high. NASDAQ and NYSE logged a record high close.

Wednesday, stocks rose 1.3% in Asia and 0.8% in Europe but closed unchanged in the U.S. on very high volume. Precious metals and their miners rose 2%. The S&P 500 Index closed above the 3700 benchmark. The FOMC maintained their very accommodative policies with no end in sight. NASDAQ and NYSE logged a record close.

Thursday, stocks rose 0.9% in Asia, slightly in Europe, and 0.8% in the U.S. on very high volume. Precious metals miners rose 3%. The S&P 500 Index, NASDAQ, and NYSE each logged record high closing prices.

Friday, stocks fell 0.6% in Asia, 0.3% in Europe and 0.3% in the U.S. on characteristically elevated volume associated with quadruple witching day. The 10-Year U.S. Treasury bond yield rose 2% to close at 0.95. Precious metals miners fell 2%. Crypocurrencies shot up about 20% for the week.

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