Monday, stocks fell 2.1% in Asia, 0.3% in Europe, and 1.6% in the U.S. on 10B shares traded. The VIX moved up 8% to close at 32.26. The 10-Year U.S. Treasury bond yield gained 5% to close at 3.88. Precious metals and their miners dropped 2%.
Tuesday, stocks rose 0.4% in Asia, ended little changed in Europe, and fell 0.3% in the U.S. on 12B shares traded. The 10-Year U.S. Treasury bond yield gained 2% to close at 3.96.
Wednesday, stocks fell 1.8% in Asia but rose 1.8% in Asia and 2.2% in the U.S. on 12B shares traded. The VIX fell 7% to close at 30.18. The 10-Year U.S. Treasury bond yield dropped 7% to close at 3.70. Precious metals gained 2% and while their miners moved up more than twice that amount. The NASDAQ closed above 11,000 while the S&P 500 ended the day above 3700. Apple moved the other direction, ending below the 150 benchmark.
Thursday, stocks gained 0.5% in Asia but lost 1.6% in Europe in the U.S. on 12B shares traded. The VIX closed 6% higher at 31.84. The NASDAQ closed below 11,000 while the S&P 500 ended the day below 3700.
Friday, stocks gained 1.2% in Europe but fell 1.2% in Asia and 1.0% in the U.S. on 13B shares traded. The 10-Year U.S. Treasury bond yield advanced 2% to close at 3.80. Precious metals gained 1% and while their miners moved up twice that amount. The Dow Jones Industrials closed below 29,000 while the S&P 500 ended the day below 3600. Apple and IBM closed below their 140 and 120 benchmarks respectively. Finally, the Federal Reserve balance sheet fell 21B to end the week at 8.80T. For the month, that’s a 30B reduction which is a far cry from the 95B promised.