Monday, stocks fell 1.8% in Asia and 1.7% in Europe but rose 0.7% in the U.S. on 10B shares traded. The S&P 500 Index ended above 31,000. Precious metals miners gained 2%. The good news is that Joe Biden says the “pandemic” is over.
Tuesday, stocks advanced 1.1% in Asia but declined 1.0% in Europe and 1.4% in the U.S. on 10B shares traded. The VIX moved up 5% to close at 27.16. The 10-Year U.S. Treasury bond yield gained 2% to close at 3.57. Precious metals fell 1% and their miners dropped three times that amount. The S&P 500 Index ended below 3900.
Wednesday, stocks gained 0.8% in Europe but lost 1.9% in Asia and 1.6% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield fell 2% to close at 3.51. Precious metals rose 1%. The S&P 500 Index ended below 3800. The FOMC raised interest rates 0.75%.
Thursday, stocks in Asia, in Europe, and in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield shot up 6% to close at 3.71.
Friday, stocks lost 1.3% in Asia and 2.3% in Europe and the U.S. on 13B shares traded. The VIX shot up 9% to close at 29.92. Precious metals lost 3% and their miners gave up nearly twice that amount. The Dow Jones Industrial, NASDAQ, S&P 500, and NYSE incices closed below 30,000, 11,000, 3700, and 14,000 respectively. Finally, the Federal Reserve balance sheet fell 16B to end the week at 8.82T.