Monday, stocks plummeted 3.6% in Asia, 2.7% in Europe, and 3.8% in the U.S. on 15B shares traded. The VIX shot up 23% to close at 34.02. The 10-Year U.S. Treasury bond yield blasted 7% higher to close at 3.37. Precious metals lost 3% and their miners gave up 6%. The Dow, NASDAQ, S&P 500, and NYSE indices ended below their respective 31,000, 11,000, 3800, and 15,000 levels.
Tuesday, stocks in Asia, in Europe, in the U.S. on 13B shares traded. The 10-Year U.S. Treasury bond yield moved 3% higher to close at 3.48. Precious metals lost 1% and their miners declined about three times that amount.
Wednesday, stocks closed nearly unchanged in Asia, but gained 1.4% in Europe, and 1.0% in the U.S. on 14B shares traded. The VIX fell 9% to close at 29.62. The 10-Year U.S. Treasury bond yield fell 3% to close at 3.40. Precious metals and their miners gained 2%. The NASDAQ ended trading above 11,000 as the FOMC raised interest rates 0.75%.
Thursday, stocks fell 0.4% in Asia, 2.3% in Europe, and 3.1% in the U.S. on 14B shares traded. The VIX moved up 11% to close at 32.95. The 10-Year U.S. Treasury bond yield fell 3% to close at 3.31. Precious metals gained 1% and their miners gained about twice that amount. The Dow, NASDAQ, and S&P 500 closed below their respective 30,000, 11,000, and 3700 levels.
Do you recall that the Swiss central bank went on a buying spree of stock?. Now it’s warning that it may have to sell them. Here’s a link that shows long-term trends of gold and other investments.
Friday, stocks were little changed in Europe but fell 1.1% in Asia, in Europe, 0.3% in the U.S. on 19B shares traded. The VIX fell 6% to close at 31.13. 5. The 10-Year U.S. Treasury bond yield fell 2% to close at 3.24. Precious metals and their miners gained about 1%.
For the week, stocks fell 5%, but cryptocurrencies crashed 30% as “investors” fled from risk. The S&P 500 index joined the NASDAQ in bear market territory.