Monday, stocks rose 0.4% in Asia and 0.3% in Europe. Markets in the U.S. were closed for Labor Day.
Tuesday, stocks fell 0.3% in Asia, 1.4% in Europe, and 0.5% in the U.S. on 17B shares traded. The VIX rose 7% to close at 17.17. Precious metals gained 2% and their miners advanced 3%. Gold sets a record high at $3500 per oz. Apple ended below its 230 benchmark.
Wednesday, stocks lost 0.7% in Asia, gained 0.7% in Europe, fell slightly and in the U.S. on 15B shares traded. The VIX fell 5% to close at 16.35. The 10-Year U.S. Treasury bond yield fell 2% to end at 4.21. Precious metals gained 1%. Apple closed above 230. Here’s a case that stock valuations are extreme.
Thursday, stocks advanced 0.4% in Asia, 0.6% in Europe, and 0.7% in the U.S. on 15B shares traded. The VIX fell 6% to close at 15.30. The S&P 500 closed above 6500.
Friday, stocks rose 1.1% in Asia, fell slightly in Europe, and ended little changed in the U.S. on 17B shares traded. The 10-Year U.S. Treasury bond yield fell 2% to end at 4.09. Precious metals gained 1% and their miners rose three times that amount. Gold closed at another record high above $3600. The S&P 500 closed below 6500.