Swimming Against the Tide

Monday, stocks fell 0.8% in Asia, rose 1.1% in Europe, and closed up slightly in the U.S. on 10B shares traded.

Tuesday, stocks lost 0.4% in Asia, Europe, and in the U.S. on 12B shares traded. Precious metals gained 1%. IBM closed below its 130 benchmark.

Wednesday, stocks shot up 2.4% in Asia, fell 0.7% in Europe, but ended little changed in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to close at 3.99. Precious metals miners gained 2%.

Thursday, stocks lost 1.1% in Asia, in Europe, and in the U.S. on 11B shares traded. The VIX fell 5% to close at 19.59 and move back into the greed region. The 10-Year U.S. Treasury bond yield rose 2% to close at 4.07. The Dow Jones Industrial Average ended the day above 33,000.

Friday, stocks gained 1.2% in Asia, 0.9% in Europe, and 1.3% in the U.S. on 11B shares traded. The VIX fell 6% to close at 18.49. The 10-Year U.S. Treasury bond yield fell 3% to close at 3.96. Precious metals gained 1% and their miners advanced about twice that amount. The S&P 500 Index ended above 4000 while Apple closed above the 150 benchmark. Finally, the Federal Reserve balance sheet declined 42B to 8.34T.

Leave a Reply

Your email address will not be published. Required fields are marked *