Sunday evening before the futures markets opened (as in the previous week), the Fed took further action to increase liquidity.
Monday, stocks fell 1.3% in Asia but rose 1.1% in Europe, and 1.2% in the U.S. on 13B shares traded. The VIX declined 5% to close at 24.15. The 10-Year U.S. Treasury bond yield climbed 3% higher to end the day at 3.48. Precious metals rose about 1%, and their miners gained about twice that amount. The Dow Jones Industrial Average closed above its 32,000 benchmark. Here’s another experience of the truth being “memory holed” to protect the Fauchi Flu false narrative.
Tuesday, stocks gained 0.5% in Asia, 1.3% in Europe, and 1.4% in the U.S. on 12B shares traded. The VIX lost 11% to end at 21.38. The 10-Year U.S. Treasury bond yield moved 4% higher to close at 3.61. Precious metals fell about 2% and their miners lost twice that amount. The S&P 500 Index ended the day above its 4000 benchmark.
Wednesday, stocks rose 1.5% in Asia and ended up slightly in Europe but fell 1.6% in the U.S. on 12B shares traded. The 10-Year U.S. Treasury bond yield fell 3% to close at 3.50. Precious metals and their miners rose about 2%. The S&P 500 Index closed below 4000 benchmark. The big event of the day came from the FOMC decision to raise interest rates 0.25%
Thursday, stocks gained 1.5% in Asia, closed down slightly in Europe, and fell 0.3% in the U.S. on 12B shares traded. The 10-Year U.S. Treasury bond yield fell 3% to close at 3.41. Precious metals gained about 1%, and their miners advanced about twice that amount.
Friday, stocks ended down slightly in Asia and lost 1.3% in Europe but gained 0.5% and in the U.S. on 11B shares traded. Precious metals fell about 1%. Apple ended the day above the 160 level. Finally, the Federal Reserve balance sheet shot up 95B to 8.73T — erasing all balance-sheet progress since October.