Sentiment Pivots Back to Greed

Monday, stocks shot up 2.7% in Asia and gained 0.8% in Europe but fell slightly in the U.S. on 11B shares traded. Apple closed above its 130 benchmark.

Tuesday, stocks ended unchanged in Asia, fell 0.6% in Europe but rose 0.6% in the U.S. on 10B shares traded. The VIX ended down 6% closing at 20.58. The 10-Year U.S. Treasury bond yield moved up 3% to close at 3.62. Precious metals miners gained 2%. The S&P 500 index closed above its 3900 benchmark.

Wednesday, stocks rose 0.6% in Asia, 0.4% in Europe, and 0.9% in the U.S. on 12B shares traded. The VIX ended down 2% closing at 21.09. The 10-Year U.S. Treasury bond yield fell 2% to close at 3.55. Precious metals miners fell 1%.

Thursday, stocks gained 0.8% in Asia, 0.6% in Europe, and 0.7% in the U.S. on 12B shares traded. The VIX tumbled 11% to close at 18.83 and land solidly in greed territory. The 10-Year U.S. Treasury bond yield fell 3% to close at 3.45. Precious metals and their miners rose 2%. The NASDAQ closed above its 11,000 benchmark. According to an unofficial designated Fed mouthpiece, the next rate hike is slated to be 25 basis points.

Friday, stocks gained 1.5% in Asia, 0.5% in Europe, and 0.4% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to close at 3.51. Precious metals rose 1%. Here’s an update on more young people suddenly and unexpectedly dropping dead from heart attacks.
Finally, the Federal Reserve balance sheet rose 2B to remain at 8.51T.

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