Monday, stocks fell in Asia 1.2% and in Europe 0.4% but were little changed in the U.S. on 15B shares traded. The 10-Year U.S. Treasury bond yield moved up 2% to close at 1.37. Precious metals and their miners fell about 3%. IBM recaptured the 120 closing benchmark.
Tuesday, stocks rose slightly in Asia, fell 0.5% in Europe and closed little changed in the U.S. on 17B shares traded. Precious metals miners lost 2%.
Wednesday, stocks fell 2.3% in Asia but rose 0.4% in Europe and 1.2% in the U.S. on 14B shares traded. The VXO fell 8% to close at 20.18. The Dow Jones Industrial Average logged another record closing high.
Thursday, stocks gained 1.1% in Asia but fell 0.3% in Europe and 2.1% in the U.S. on 16B shares traded. The VXO blasted 41% higher to close at 28.43 as the The 10-Year U.S. Treasury bond yield shot up 9% to close above 1.5 to finish at 1.52. That took the S&P 500 index far below its 3900 benchmark for the close. Precious metals and their miners lost about 3%.
Friday, stocks plummeted 4.0% in Asia, fell 1.6% in Europe, lost 1.3% in the U.S. on 16B shares traded. The 10-Year U.S. Treasury bond yield fell 4% to close below 1.5 to finish the week at 1.46. Cryptocurrencies were down big — losing 20% for the week. Here’s a good article written before that big correction that puts Bitcoin investment in perspective and offers some predictions for the future.