CPI Moderates

Monday, stocks were up slightly in Europe while rising 0.3% in Asia and 0.9% in the U.S. on 10B shares traded. The VIX fell 8% to close at 15.77. Precious metals and their miners finished down about 1%. The S&P 500 Index closed above 4500 while Apple ended below its 180 benchmark.

Tuesday, stocks fell 1.2% in Asia while ending slightly lower in Europe and the U.S. on 11B shares traded. Precious metals and their miners ended about 1% lower. The S&P 500 Index closed below its 4500 benchmark.

Wednesday, stocks rose slightly in Asia and advanced 0.4% in Europe but fell 0.3% in the U.S. on 11B shares traded.

Thursday, stocks gained slightly in Asia, advanced 0.8% in Europe but ended unchanged in the U.S. on 12B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to end at 4.08. The CPI report came in about as expected.

Friday, stocks fell 1.2% in Asia and 1.1% in Europe but closed little changed in the U.S. on 10B shares traded. The VIX fell 0.5% to end at 15.05. The 10-Year U.S. Treasury bond yield rose 2% to end at 4.17. Here’s an article showing the FDA’s hypocrisy regarding Ivermectin. Finally, the Federal Reserve balance sheet advanced 1B to 8.21T.

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