Monday, stocks shot up 2.7% in Asia, gained 0.6% in Europe, rose 0.7% in the U.S. on 10B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to close at 1.72. The Dow, S&P 500, and NYSE each registered record closing highs.
Tuesday, stocks climbed 0.6% in Europe but closed unchanged in Asia and in the U.S. on 10B shares traded. The VXO rose 5% to close at 16.71. The 10-Year U.S. Treasury bond yield fell 4% to close at 1.66. Precious metals gained 1% while their miners moved up twice that amount. The NYSE Index finished at a new high.
Wednesday, stocks fell 0.6% in Asia, declined slightly in Europe, and lost 0.3% in the U.S. on 10B shares traded. The VXO lost 7% to close at 15.62. Precious metals fell 1%. The S&P 500 Index closed at a record high. As stocks continue to log record highs and inflation heats up, the FOMC persists in the fantasy that unprecedented accommodation needs to continue.
Thursday, stocks rose 0.4% in Asia, 0.6% in Europe, and 0.3% in the U.S. on 9B shares traded. The S&P 500 and NYSE Indices each logged a record closing high. Apple closed above its 130 benchmark.
Friday, stocks fell 0.7% in Asia, were little changed in Europe, and gained 0.4% in the U.S. on 9B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to close at 1.67. The S&P 500 and NYSE Indices again closed at record highs. And for those of you who are wondering if the stock market might be a bit frothy we have this.