Investors Spooked by Inflation

Monday, stocks fell 0.5% in Asia, rose 0.8% in Europe but closed little changed in the U.S. on 10B shares traded. Precious metals gained 1%, and their miners rose three times that amount. The S&P 500 closed below its 4500 benchmark.

Tuesday, stocks closed little changed in Asia, unchanged in Europe but rose 0.8% in the U.S. on 11B shares traded. The VIX fell 6% to close at 21.44. The 10-Year U.S. Treasury bond yield rose 2% to close at 1.95. Precious metals gained 1%. The S&P 500 closed above its 4500 benchmark.

Wednesday, stocks gained 1.6% in Asia, 1.7% in Europe, and 1.3% in the U.S. on 11B shares traded. The VIX fell 7% to close at 19.96 and move just slightly from fear to greed territory. The NYSE closed above the 17,000 benchmark.

Thursday, stocks rose 0.6% in Asia but fell 0.3% in Europe and 1.3% in the U.S. on 13B shares traded. The VIX jumped up 20% to close at 23.91 and return to the fear zone. The 10-Year U.S. Treasury bond yield rose 5% to close at 2.03. Precious metals miners swooned 3% as the inflation numbers came in worse than expected.

Friday, stocks fell 0.5% in Asia and Europe and fell 1.1% in the U.S. on 14B shares traded. The VIX moved up 14% to close at 27.36. The 10-Year U.S. Treasury bond yield fell 4% to close at 1.96. Precious metals gained 2% while their miners gained three times that amount. The Dow, NASDAQ, and S&P 500 closed below their respective 35,000, 14,000, and 4500 benchmarks. Apple ended below 170.

Leave a Reply

Your email address will not be published. Required fields are marked *