Monday, stocks fell 0.4% in Asia but closed little changed in Europe and the U.S. on light volume. S&P and NASDAQ logged record closing highs. Precious metals gained 1% and their miners moved up twice that amount. Here’s an article blaming the Fed’s balance sheet for the everything bubble.
Tuesday, stocks gained 0.7% in Asia, 0.8% in Europe, and 0.5% in the U.S. on moderate volume. The VXO fell 5% to close at 13.97. The 10-Year U.S. Treasury bond yield gained 3% to close at 1.59. The S&P, NASDAQ, and NYSE incices each logged record closing highs. Nevertheless, Apple declined to close below the 320 level.
Wednesday, stocks gained 1.1% in Asia and 0.6% in Europe and the U.S. on moderate volume. All four major stock indices registered record closing highs. The 10-Year U.S. Treasury bond yield gained 3% to close at 1.63. Precious metals and their miners shed 1%. Apple handily recaptured the 320 level by the close. Precious metals lost 1% and their miners gave back twice that amount.
Thursday, stocks rose 0.3% in Asia, closed little changed in Europe and the U.S. on moderate volume. The VXO moved up 11% to close at 14.79. Precious metals and their miners gained 1%.
Friday, stocks fell slightly in Europe but were unchanged in Asia and the U.S. on light volume. The 10-Year U.S. Treasury bond yield fell 2% to close at 1.59. The S&P and NASDAQ logged record closing highs.