Stocks Retreat from Record Highs

With President Trump taking over the reins soon, the need for survival readiness will likely diminish. But just in case, here are some survival tips.

Monday, stocks fell 0.7% in Europe but rose 0.4% in Asia and 0.3% in the U.S. on 16B shares traded. Precious metals and their miners lost 1%. The Dow, NASDAQ, S&P 500, and NYSE each registered a record closing high. The Dow, S&P 500, and NYSE closed above 44,000, 6000, and 20,000 respectively.

Tuesday, stocks declined 1.1% in Asia but advanced 1.1%  in Europe and 0.4% in the U.S. on 16B shares traded. The 10-Year U.S. Treasury bond yield rose 3% to end at 4.43. Precious metals fell 3% and their miners gave back twice that amount. The Dow, S&P 500, and NYSE closed below 44,000, 6000, and 20,000 respectively.

Wednesday, stocks closed unchanged in Asia, Europe, in the U.S. on 17B shares traded. The VIX fell 5% to close at 14.02. Precious metals fell 1% and their miners lost twice that amount. Consumer prices continue their relentless rise.

Thursday, stocks gained 1.0% in Europe but lost 0.9% in Asia and 0.6% in the U.S. on 16B shares traded. IBM closed below 210.

Friday, stocks rose 0.9% in Asia, but fell 0.8% in Europe, and 0.4% in the U.S. on 16B shares traded. The VIX advanced 13% to close at 16.14. The NASDAQ ended below its 19,000 benchmark while the S&P 500 closed below 5900. Finally, the Federal Reserve balance sheet declined 27B to 6.97T.