Monday, stocks fell 1.5% in Asia, 1.8% in Europe, and 0.8% in the U.S. on 12B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to close at 2.00. Precious metals gained 1% and their miners gained twice that amount. After hearing some bullish comments from Fed President Bullard, “investors” speculated whether this quickly scheduled meeting would be for the purpose of raising the discount rate. That turned out not to be the case.
Tuesday, stocks fell 0.6% in Asia but rose 1.3% in Europe and in the U.S. on 11B shares traded. The VIX declined 9% to close at 25.70. The 10-Year U.S. Treasury bond yield rose 3% to close at 2.05. Precious metals fell 1% and their miners lost twice that amount. The NASDAQ closed above its 14,000 benchmark while Apple ended above 170 but IBM finished below 130.
Wednesday, stocks jumped up 1.8% in Asia, closed unchanged in Europe but were up slightly in the U.S. on 11B shares traded. The VIX fell 5% to close at 24.29. Precious metals gained 1% and their miners gained three times that amount. The release of the latest FOMC minutes provided little new information regarding the expected tightening cycle. In case you’re still uncertain regarding the therapeutic value of proven safe and effective Ivermectin for fighting the Fauci Flu, here’s another study that places this protease inhibitor ahead of even the experimental Paxlovid.
Thursday, stocks closed nearly unchanged in Asia, rose 0.6% in Europe but fell 1.7% in the U.S. on 11B shares traded. The VIX moved up 16% to close at 28.11. The 10-Year U.S. Treasury bond yield fell 4% to close at 1.97. Precious metals gained 1% and their miners gained four times that amount. The NASDAQ closed below 14,000, S&P 500 ended below 4400, and Apple finished below the 170 level.
Friday, stocks fell 1.3% in Asia, 0.8% in Europe, and 0.6% in the U.S. on 12B shares traded. The 10-Year U.S. Treasury bond yield fell 2% to close at 1.93.