Monday, stocks gained 0.6% in Asia, moved up slightly in Europe, and rose 0.5% in the U.S. on 9B shares traded.
Tuesday, stocks rose 0.4% in Asia but fell 0.4% in Europe and 1.0% in the U.S. on 10B shares traded. Precious metals lost 2% and their miners declined 3%. Here’s an article that goes a bit too far on pushing the case for gold value in a world with a gold standard, but it still has some good points.
Wednesday, stocks fell 0.4% in Asia, ended little changed in Europe, and gained 1.2% in the U.S. on 10B shares traded. The VIX fell 6%. Precious metals fell 1%.
Thursday, stocks rose 0.9% in Asia, 0.4% in Europe, and ended slightly higher in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield gained 2% to end at 3.65. Precious metals fell 1% while their miners dropped three times that amount.
Friday, stocks closed unchanged in Asia, up 0.7% in Europe, and nearly unchanged in the U.S. on 11B shares traded. Precious metals advanced 1%. Finally, the Federal Reserve balance sheet declined 46B to 8.46T.