Here’s the first of many Trump tweets — this one aimed at supporting stocks.
Monday, stocks fell 1% in Asia but rose 0.4% in Europe, and 1.4% in the U.S. on 20B shares traded. The VIX closed at 19.03 to move from fear to greed. Precious metals gained 3% and their miners moved up 5% as gold hit a record high. The Dow ended above its 46,000 benchmark. The S&P 500 closed above its 6600 benchmark.
Tuesday, stocks fell 1.4% in Asia and 0.3% in Europe but gained 0.6% in the U.S. on 21B shares traded. The VIX gained 9% to end at 20.81 and return back to the fear zone. Gold hit another record high.
Wednesday, stocks shot up 2.3% in Asia, rose 0.6% in Europe and 0.3% in the U.S. on 22B shares traded. Precious metals gained 2% and their miners moved up twice that amount as gold hit another high. IBM ended above the 280 level.
Thursday, stocks rose 0.9% in Asia and 0.7% in Europe but fell 0.9% in the U.S. on 23B shares traded. The VIX shot up 23% to end at 25.31. The 10-Year U.S. Treasury bond yield fell 2% to end below the key 4.00 level to end at 3.98. Precious metals gained 2% and their miners rose twice that amount as gold hit another record high. The Dow ended below its 46,000 benchmark.
Friday, stocks lost 1.2% in Asia and 0.9% in Europe but ended only slightly lower in the U.S. on 20B shares traded. The VIX fell 5% to end at 24..12. Precious metals dropped 4% and their miners plummeted twice that amount. The Dow ended above its 46,000 benchmark..