FOMC Minutes Pressure Stocks

Monday, stocks lost 1.4% in Asia, gained slightly in Europe, and fell slightly in the U.S. on 10B shares traded. Precious metals miners declined 2%.

Tuesday, stocks fell 0.3% in Asia, 1.0% in Europe, and 1.3% in the U.S. on 10B shares traded. The VIX rose 11% to end at 16.46. Precious metals miners gave up about 3%.
The Dow Jones Industrial Average closed below 35,000 while the NYSE ended below 16,000. Here’s an article making a case against timing the market.

Wednesday stocks closed unchanged in Europe, but fell 1.6% in Asia and 0.6% in the U.S. on 12B shares traded. The FOMC minutes continued to project a hawkish tone. Here’s more on the health scam associated with the Fauci Flu.

Thursday, stocks declined slightly in Asia and fell 0.9% in Europe and 0.5% in the U.S. on 11B shares traded. The VIX gained 7% to close at 17.89. The S&P 500 index closed below its 3400 benchmark.

Friday, stocks fell 0.9% in Asia and 0.6% in Europe but ended little changed in the U.S. on 11B shares traded.
Finally, the Federal Reserve balance sheet declined 62B to 8.15T.

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