Monday, stocks fell 0.6% in Asia and ended unchanged in Europe. Markets were closed in the U.S. for the Labor Day holiday. As stocks falter and the economy crumbles, here’s an opinion that things might be turning darker for investors.
Tuesday, stocks closed little changed in Asia, but fell 1.0% in Europe and 1.4% in the U.S. on 12B shares traded. The VIX shot up 33% to close at 20.72 and transition back to the fear sentiment. The 10-Year U.S. Treasury bond yield fell 2% to end at 3.84. Precious metals dropped 1% while their miners lost four times that amount. The Dow closed below 41,000 and the S&P 500 ended below 5600.
Wednesday, stocks lost 2.8% in Asia and 1.1% in Europe but declined only slightly in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield fell 2% to end at 3.77.
Thursday, stocks rose slightly in Asia but fell 0.6% in Europe and 0.7% in the U.S. on 11B shares traded. The VIX fell 7% to close at 19.90 and dip back into the greed area. Precious metals and their miners fell 1%. The NYSE closed below its 19,000 benchmark.
Friday, stocks closed little changed in Asia but lost 1.1% in Europe and the U.S. on 12B shares traded. The VIX rose 12% to end in the fear zone at 22.38. Precious metals fell 2% and their miners gave up 3%. The NASDAQ ended below 17,000 and S&P 500 closed below 5500. Cryptocurrencies fell about 10%. Finally, the Federal Reserve balance sheet declined 10B to 7.11T.