Monday, stocks closed unchanged in Europe fell 0.7% in Asia, and 0.6% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield rose 3% to end at 4.16. Precious metals fell 1% and their miners lost twice that amount.
Tuesday, stocks rose 0.8% in Asia, 0.6% in Europe, and 0.8% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield declined 2% to end at 4.09. Precious metals fell 1% and their miners lost twice that amount. Here’s a good article that puts into perspective the source of our so-called growing economy.
Wednesday, stocks lost 0.3% in Europe but gained 0.6% in Asia and 0.5% in the U.S. on 11B shares traded. The Dow Jones Industrial Average and the S&P 500 Index each logged a closing high.
Thursday, stocks lost 0.4% in Asia, closed unchanged in Europe, and gained slightly in the U.S. on 12B shares traded. For the second day in a row, the Dow Jones Industrial Average and the S&P 500 Index each logged a closing high.
Friday, stocks closed little changed in Asia, Europe, and the U.S. on 12B shares traded. The S&P 500 Index closed above 5000 and recorded its third consecutive closing high. One cannot help remembering the Haines Bottom of 666 just 15 years ago. That’s over a 14% annual increase rate! Despite this roaring stock market, the Federal Reserve continues to maintain crisis-level measures including an obscene $7.63T balance sheet which increased $1B this past week. .