FOMC Statement Pressures Stocks

Monday, stocks ended unchanged in Asia, fell 0.5% in Europe, and rose 1.2% in the U.S. on 11B shares traded. The VIX rose 10% to close at 25.00. Precious metals fell 1%. The Dow Jones Industrials ended above 34,000.

Tuesday, stocks gained slightly in Asia, 1.2% in Europe, and 0.6% in the U.S. on 14B shares traded. The VIX gave back 10% to close at 22.55. The 10-Year U.S. Treasury bond yield fell 3% to close at 3.50. Precious metals and their miners gained 3%. The S&P 500 index closed above the 4000 benchmark. IBM closed above its 150 benchmark. The CPI figure for November came in far below expectations.

Wednesday, stocks moved up 1.7% in Asia, ended unchanged in Europe, and dropped 0.4% in the U.S. on 12B shares traded. The VIX fell 6% to close at 21.14. Precious metals fell 1%. The Dow and S&P 500 fell below their respective 34,000 and 4000 levels. IBM ended below the 150 mark. The FOMC statement released today included a 0.5% rate hike along with a statement that the inflation target will remain at 2%.

Thursday, stocks fell 1.8% in Asia, 2.8% in Europe, and 2.0% in the U.S. on 12B shares traded. The VIX rose 8% to close at 22.83. The 10-Year U.S. Treasury bond yield fell 2% to close at 3.45. Precious metals lost 3% and their miners 4%. The NASDAQ and S&P 500 closed below 11,000 and 3900 respectively. Apple closed below 140. Here’s a study showing heart damage from the MRNA Fauci Flu shot.

Friday, stocks fell 1.1% in Asia, Europe, and the U.S. on 18B shares traded. The Dow Jones Industrial Average closed below 33,000. Finally, the Federal Reserve balance sheet remained unchanged at 8.58T.

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