Crypto Crash

Monday, stocks rose slightly in Asia, were unchanged in Europe, and were little changed in the U.S. on 10B shares traded. Precious metals gained 1% while their miners shot up five times that amount. 
 
Tuesday, in Asia stocks rose 1.8%, in Europe they rose slightly, but  in the U.S. they fell 0.5% on 10B shares traded.

Wednesday, stocks fell 0.7% in Asia, 1.5% in Europe, and 0.6% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to close at 1.68. Precious metals fell 1%. 

Crypto currencies crashed into free fall mode as China took major steps to limit their use. With all of this crypto bashing happening at once, it seems like the powers that be are trying to depress crypto prices. The FOMC notes were slightly less bullish than usual given the obvious heating up of inflation. 

Thursday, stocks gained 0.4% in Asia, 1.3% in Europe and 0.7% in the U.S. on 9B shares traded. The VXO fell 7% to close at 19.19 and land back in the greed zone. 

Friday, stocks gained 0.4% in Asia, 0.6% in Europe and moved up slightly in the U.S. on 9B shares traded. Crypto currencies were a bloodbath with Ethereum down about 40% for the week and Bitcoin down about half that amount.

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