Monday, stocks fell 0.6% in Asia but rose 0.7% in Europe and 0.4% in the U.S. on 11B shares traded. The VIX fell 20% to close at 22.96. The 10-Year U.S. Treasury bond yield rose 3% to close at 1.53. The Dow Jones Industrial Average closed above its 35,000 benchmark while Apple climbed to close above its 160 benchmark.
Tuesday, stocks closed fell 1.1% in Asia, 0.5% in Europe, and 2.2% in the U.S. on 11B shares traded. The VIX moved up 18% to close at 27.19. The 10-Year U.S. Treasury bond yield fell 6% to close at 1.44. Precious metals and their miners fell 1%. The downdraft in stocks pulled the Dow Jones Industrial Average and S&P 500 to close below their 35,000 and 4600 respective benchmarks. The bombshell came when Fed chair Powell admitted to Congress that he could no longer maintain transitory inflation ruse as roaring inflation is evident to anyone paying attention.
Wednesday, stocks rose 1.4% in Asia and 1.5% in Europe but fell 1.1% in the U.S. on 14B shares traded. The VIX moved up 14% to close at 31.12. Precious metals fell 1% while their miners were down three times that amount.
Thursday, stocks in Asia gained 0.4%, in Europe lost 1.2%, and in the U.S. gained 2.1% on 13B shares traded. The VIX fell 10% to close at 27.95. Precious metals and their miners fell 1%.
Friday, stocks fell 0.5% in Asia, 0.6% in Europe, and 0.8% in the U.S. on 14B shares traded. The VIX rose 10% to close at 30.67. The 10-Year U.S. Treasury bond yield fell 8% to close at 1.34. Precious metals and their miners rose 1%.