Monday, stocks fell 2.1% in Asia but rose 1.1% in Europe, and 0.7% in the U.S. on 20B shares traded. The VIX fell 6% to end at 16.34. Precious metals fell 3%. Apple closed above its 270 benchmark and IBM ended above 310. What really was behind the silver crash? Here’s an explanation.
Tuesday, stocks gained 2.4% in Asia, ended little changed in Europe, and closed unchanged in the U.S. on 24B shares traded. The VIX gained 10% to close at 18.00. Precious metals shot up 6% and their miners gained 4%. Apple closed below its 270 benchmark and IBM ended below 300.
Wednesday, stocks fell 0.5% in Asia, closed unchanged in Europe, and rose 0.4% in the U.S. on 25B shares traded. Precious metals gained 1%. The NASDAQ and NYSE fell below 23,000 and the fell NASDAQ below the NYSE. The S&P 500 closed below 6900. Apple closed above its 270 benchmark and IBM ended below 290.
Thursday, stocks lost 1.4% in Asia and 1.0% in both Europe and the U.S. on 24B shares traded. The VIX shot up 17% to end at 21.77 and transition from greed to the fear zone. The 10-Year U.S. Treasury bond yield fell 2% to end at 4.21. Precious metals plummeted 8% and their miners ended down 6%. The Dow closed below 49,000 and the S&P 500 ended below 6800.
Friday, stocks ended unchanged in Asia but rose 0.9% in Europe and 2.3% in the U.S. on 20B shares traded. The VIX fell 18% to end at 17.76 and return to the greed zone. Precious metals gained 4% and their miners advanced 5%. The Dow, NASDAQ, S&P 500,and NYSE closed above their respective 50,000, 23,000, 6900, and 23,000 benchmarks. The Dow ended at a record high. IBM ended above 290.