Monday, stocks gained 1.8% in Asia and 0.9% in Europe but lost 0.3% in the U.S. on 11B shares traded. Apple ended below its 150 benchmark. Here’s a link that shows natural immunity to Fauci Flu protects against severe outcomes without waning over time. After the bell, IBM released its forecast of bad times ahead for its business.
Tuesday, stocks closed unchanged in Asia, rose 1.4% in Europe, and shot up 2.5% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield moved up 2% to close at 3.02. Apple closed back above its 150 benchmark.
You may recall my railing against Bernanke’s creative actions that have severe consequences for pension funds. Now guess who is bailing out one group of pensioners? It’s the taxpayer – not Ben.
Wednesday, stocks moved 1.4% higher in Asia, dipped 0.3% in Europe, and closed little changed in the U.S. on 12B shares traded. Precious metals miners closed down 3%. IBM ended the day below its 130 benchmark. News of Tesla dumping cryptocurrency, sent cryptos into a nosedive.
Thursday, stocks fell slightly in Asia but rose 0.4% in Europe and 0.6% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield declined 4% to close at 2.91. Precious metals gained 1% and their miners moved up twice that amount. The Dow Jones Industrial Average and NASDAQ ended the day above their respective 32,000 and 12,000 levels.
Friday, stocks ended 0.6% higher in Asia, up slightly in Europe, but down 0.5% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield plummeted another 4% to close at 2.78. Precious metals fell 1%. The Dow Jones Industrial Average and NASDAQ ended the week back below their respective 32,000 and 12,000 levels. Here’s more evidence that masks do not keep children safe from contracting the Fauci Flu.
For the week, the Federal Reserve balance sheet remained at 8.90. Cryptocurrencies moved up about 10% with Ethereum climbing over 25% as confidence grew in the transition to a new protocol coming in a few months that provides an order-of-magnitude improvement in transaction speed.