Consumer Inflation Heats Up

Monday, stocks in Asia and in Europe closed unchanged but gained 0.4% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield rose 3% to close at 1.50. S&P 500 closed above the 4700 benchmark. The Dow, NASDAQ, S&P 500, and NYSE again each posted record high closes.

Tuesday, stocks rose 0.3% in Asia but fell 0.2% in Europe and slightly in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield fell up 4% to close at 1.43. The S&P 500 Index fell below its 4700 benchmark. Here’s an article that lays out how the stock market clown world has developed.

Wednesday, stocks closed unchanged in Asia, gained 0.3% in Europe, but fell 0.6% in the U.S. on 12B shares traded. The VIX moved up 5% to close at 18.73. The 10-Year U.S. Treasury bond yield shot up 9% to close at 1.56. Precious metals and their miners gained 2%. Apple closed below its 150 benchmark. In case you haven’t noticed, consumer inflation is heating up.

Thursday, stocks closed unchanged in Asia but gained 0.3% in Europe and slightly in the U.S. on 10B shares traded. Precious metals gained 1% and their miners moved ahead twice that amount. The Dow Jones Industrial Average closed below its 36,000 benchmark.

Friday, stocks rose 1.0% in Asia, 0.3% in Europe, and 0.5% in the U.S. on 11B shares traded. The VIX fell 8% to close at 16.29. Precious metals rose 1%. The Dow Jones Industrial Average closed above its 36,000 benchmark. IBM closed below its 120 benchmark.

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