Monday, stocks closed little changed in Asia but gained 1.0% in Europe. Markets were closed in the U.S. in celebration of the new year.
Tuesday, stocks ended up slightly in Asia, rose 1.2% Europe, and fell slightly in the U.S. on 11B shares traded. The VIX gained 6% to close at 22.90. The 10-Year U.S. Treasury bond yield fell 2% to close at 3.79. Precious metals miners gained 3%.
Wednesday, stocks gained 2.0% in Asia, 1.4% in Europe, and 1.3% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield fell 2% to close at 3.71. Precious metals miners shot up 4%. The FOMC minutes continued the hard line on interest rates.
Here’s an article that may add some insight into the recent strength in the gold market. On the Fauci Flu front, the FDA claims all of the bad press it gave on Ivermectin that demonized the drug in the U.S., never rose to an actual prohibition. Forget the fact that the vast majority of doctors refused to prescribe it for fear of fines or having their medical license revoked.
Thursday, stocks rose 0.4% in Asia, ended little changed in Europe, and fell 0.8% in the U.S. on 10B shares traded. Precious metals fell 1%. The Dow Jones Industrials closed below the 33,000 level.
Friday, stocks fell slightly in Asia but rose 1.1% in Europe, and 2.1% in the U.S. on 11B shares traded. The VIX fell 6% to close at 21.13. The 10-Year U.S. Treasury bond yield fell 4% to close at 3.57. Precious metals gained 2%, and their miners moved up 3%. The payroll numbers for December came in mixed.
Thanks!