Record Stock Highs on Narrow Breadth

Monday, stocks rose 1.5% in Asia, 0.3% in Europe, and 0.6% in the U.S. on 18B shares traded. The NASDAQ notched a record closing high.
Tuesday, stocks gained 0.3% in Asia, 0.5% in Europe, and 0.6% in the U.S. on 17B shares traded. Precious metals and their miners gained 1%. The S&P 500 ended above 7800. NASDAQ and S&P 500 each logged record closing highs.

Wednesday, stocks fell 1.2% in Asia, 1.0% in Europe, and 0.9% in the U.S. on 17B shares traded. Precious metals fell 2% and their miners lost 3%. Here’s an article reasoning why countries are moving from the dollar to gold.

Thursday, stocks fell 2.9% in Asia and 0.7% in Europe but rose 0.4% in the U.S. on 19B shares traded. The S&P 500 ended below 7800. Apple closed above 340.

Friday, stocks rose 0.6% in Asia, 1.0% in Europe, and 0.6% in the U.S. on 15B shares traded. Precious metals gained 2% and their miners rose 3%. The S&P 500 ended above 7800. Apple closed below 340.