Here’s an article asserting that the Fed has boxed itself in through its insane policy over many years.
Monday, stocks gained 0.7% in Asia, ended little changed in Europe, and closed down slightly in the U.S. on 20B shares traded. Apple closed below its 270 level.
Tuesday, stocks fell 1.2% in Asia, declined slightly in Europe, and fell 0.6% in the U.S. on 20B shares traded. The VIX rose 11% to close at 19.00. Precious metals fell 2% and their miners declined twice that amount. The S&P 500 index closed below 6800. Apple ended above its 270 benchmark.
Wednesday, stocks fell 1.3% in Asia but rose 0.3% in Europe, and 0.4% in the U.S. on 20B shares traded. The VIX fell 5% to close at 18.01. The 10-Year U.S. Treasury bond yield rose 2% to end at 4.16. Precious metals rose 2% and their miners advanced twice that amount.
Thursday, stocks gained 1.3% in Asia but lost 0.6% in Europe, and in the U.S. on 22B shares traded. The VIX advanced 8% to close at 19.50. The 10-Year U.S. Treasury bond yield fell 2% to end at 4.09. The Dow closed below 47,000. Apple ended below 270 IBM closed above its 310 benchmark.
Friday, stocks fell 0.9% in Asia and 0.6% in Europe but rose 0.6% in the U.S. on 21B shares traded. Precious metals gained 1% and their miners advanced three times that amount. IBM closed below 310.