Monday, stocks fell 0.7% in Asia, 0.4% in Europe, and slightly in the U.S. on 12B shares traded.
Tuesday, stocks closed little changed in Europe, but rose 0.7% in Asia and 1.2% in the U.S. on 13B shares traded. The VIX fell 7% to close at 20.49. The Dow Jones Industrial Average ended above 42,000.
Wednesday, stocks lost 0.3% in Asia, and 0.5% in Europe but advanced 1.9% in the U.S. on 19B shares traded. The VIX plummeted 21% to close at 16.27 and pivot from fear to greed as President Donald Trump is declared the winner of the election. Precious metals and their miners fell 4%. The Dow, S&P 500 and NASDAQ each logged record closing highs. The Dow and S&P 500 also closed above their respective 43,000 and 5900 benchmarks. IBM ended above its 210 benchmark.
Thursday, stocks rose 1.1% in Asia, 0.6% in Europe, and slightly in the U.S. on 17B shares traded. The VIX slid 7% to close at 15.20. Precious metals and their miners rose 2%. The NASDAQ and S&P 500 each registered another record high close. The NASDAQ also ended above 19,000. The feckless FOMC pours gasoline on the inflation fire with another rate cut.
Friday, stocks gained 1.4% in Asia, 2.1% in Europe, and 0.3% in the U.S. on 16B shares traded. Precious metals and their miners fell 1%. The Dow, NASDAQ, S&P 500, and NYSE each ended the week at record closing highs. For the week, Bitcoin rose 10% and Etherium gained 20%. Finally, the Federal Reserve balance sheet declined 9B to 6.99T.