Interest Rate Rise Pressures Glamour Stocks

Monday, stocks gained 0.5% in Asia, 0.3% in Europe, and 0.4% in the U.S. on 10B shares traded. The 10-Year U.S. Treasury bond yield shot up 8% to close at 1.63. Precious metals gained 1% and their miners gained twice that amount. The Dow and S&P 500 logged record closing highs. Apple closed above 180 and set another record high close.

On the Fauci Flu front, we have an interview of the inventor of the mRNA technology Dr. Robert Malone and another providing unbiased information by life insurance companies of a massive spike in non-flu deaths of mature men.

Tuesday, stocks rose 1.0% in Asia, 0.8% in Europe, and 0.4% in the U.S. on 12B shares traded on 10B shares traded. The 10-Year U.S. Treasury bond yield moved up 2% to close at 1.63. Precious metals fell about 1% and their miners gave back twice that amount. The Dow Jones Industrials ended with another closing high. Apple closed below its 180 benchmark.

Wednesday, stocks in Asia lost 0.6%, in Europe closed little changed, and in the U.S. fell 1.3% on 12B shares traded. The VIX ramped up 17% to close at 19.73. The 10-Year U.S. Treasury bond yield moved up 2% to close at 1.70. Precious metals lost about 1% and their miners gave back about twice that amount.

Thursday, stocks fell 1.2% in Asia and 1.3% in Europe but gained 0.3% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield moved up 2% to close at 1.73. Precious metals fell 1% and their miners lost about four times that amount.

Friday, stocks gained 0.9% in Asia fell 0.3% in Europe, and were unchanged in the U.S. on 10B shares traded. The 10-Year U.S. Treasury bond yield moved up 2% to close at 1.77. The NASDAQ closed below its 15,000 benchmark. For the week, cryptocurrencies dropped about 15%. Finally,  this link gives a particularly dire warning (not a prediction) that stocks stand poised for a very big decline.

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