Monday, stocks closed unchanged in Asia, gained slightly in Europe, and fell 0.5% in the U.S. on 11B shares traded. The VXO moved up 7% to close at 18.43. The 10-Year U.S. Treasury bond yield rose 4% to close at 1.72. Precious metals gained 1%. The Dow Jones Industrial Average had a positive close and thereby logged another record.
Tuesday, stocks in Europe, gained 0.7% but in Asia and the U.S. they closed nearly unchanged on 11B shares traded. The VXO fell 6% to close at 17.26. Precious metals lost 2% and their miners declined 3%. Apple closed below its 120 benchmark.
Wednesday, stocks fell 0.6% Asia and 0.3% in Europe and slightly the U.S. on 11B shares traded. The VXO moved up 12% to close at 19.32. Precious metals and their miners gained 2% as Apple closed back above its 120 benchmark.
Thursday, stocks gained 1.8% in Asia, 0.6% in Europe, and 1.0% in the U.S. on 11B shares traded. The VXO plummeted 18% to close at 15.82. The 10-Year U.S. Treasury bond yield declined 4% to close at 1.68. Precious metals gained 2% and their miners gained 3%. The S&P 500 closed above 4000 for the first time.
Friday, stocks gained 2.6% in Asia but stock markets were closed in Europe and in the U.S. on Good Friday. The U.S. Department of Labor reported nonfarm payrolls rose 916K in March with the jobless rate falling to 6%.
For the week, cryptocurrencies gained about 15%. For the quarter, the S&P 500 Index gained 4.5% and the Dow Jones Industrial Average shot up 7%. Housing prices rampped up as building materials costs skyrocketed. While these numbers are impressive they pale in comparison to the crypto quarterly ramp of about 100%. But still, the “economy” needs massive central bank stimulus in this “crisis” as the hubris of the Fed runs unabated and the fruits of foolishness begin to blossom.