Stocks Rally Despite Headwinds

Monday, stocks rose 2.1% in Asia, 1.3% in Europe, and 2.2% in the U.S. on 20B shares traded. The VIX plummeted 22% to end at 19.92 and pivot back from fear to greed. Precious metals gained 2% and their miners advanced twice that amount.  Dow, NASDAQ, S&P 500, and NYSE ended above their respective 52,000, 25,000, 7500, and 24,000 benchmarks. Apple closed above 350.

Tuesday, stocks gained 2.2% in Asia and 0.3% in Europe but ended unchanged in the U.S. on 18B shares traded. The 10-Year U.S. Treasury bond yield fell 2% to end at 4.98. Precious metals fell 3% and their miners lost 5%. Apple closed below 350. The CPI for October came in higher than expected.
Wednesday, stocks rose 1.5% in Asia, 0.7% in Europe, and 0.8% in the U.S. on 20B shares traded. The VIX fell 10% to close at 17.49. The S&P 500 closed above 7600.  Apple closed above 350.
Thursday, stocks rose slightly in Europe but fell 1.1% in Asia and 0.7% in the U.S. on 20B shares traded. The VIX rose 7% to close at 18.70. The 10-Year U.S. Treasury bond yield rose 2% to end at 5.10. Precious metals fell 3% and their miners lost 4%. The S&P 500 closed below 7600. Nvidia stock plunged as CEO of Nvidia Jensen Huang resigned.

Friday, stocks fell 0.5% in Asia, ended little changed in Europe, and up slightly in the U.S. on 17B shares traded. Precious metals fell 1%.