Stocks Indifferent to Israeli Hamas War

Monday, stocks closed unchanged in Asia, fell slightly in Europe, and rose 1.4% in the U.S. on 9B shares traded. Precious metals and their miners gained 2%.

Tuesday, stocks in advanced 1.6% Asia, 1.9% in Europe, and 0.9% in the U.S. on 9B shares traded. The 10-Year U.S. Treasury bond yield fell 3% to end at 4.66. Precious metals slipped about 1%.

Wednesday, stocks gained 1.1% in Asia and ended up slightly in Europe and the U.S. on 10B shares traded. The VIX fell 6% to close at 16.09. Precious metals gained 1% while their miners rose about twice that amount.

Thursday, stocks gained 1.2% in Asia, closed up slightly in Europe but ended down 1.0% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield rose 3% to end at 4.71. Precious metals miners lost 2%. Apple closed above the 180 benchmark. The CPI report came in a bit hotter than expected.

Friday, stocks fell 1.6% in Asia and 0.9% in Europe but ended unchanged and in the U.S. on 10B shares traded. Despite that, the VIX shot up 16% to close at 19.32. The 10-Year U.S. Treasury bond yield declined 2% to end at 4.63. Precious metals jumped up 3% and their miners gained 4%. Apple closed back below the 180 benchmark. IBM ended below the 140 level. Finally, the Federal Reserve balance sheet declined 4B to 7.95T.

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