Monday, stocks ramped up 1.2% in Asia, 0.8% in Europe, and 1.4% in the U.S. on 14B shares traded. The VIX fell 6% to close at 20.51. Precious metals gained about 1% and their miners advanced twice that amount. IBM closed above 250.
Tuesday, stocks shot up 1.3% in Asia and gained 0.6% in Europe but lost 0.4% and in the U.S. on 14B shares traded. The VIX rose 6% to end at 21.70. Precious metals rose 1%. IBM closed below 250.
Wednesday, stocks ended little changed in Asia but rose slightly in Europe, and gained 0.8% in the U.S. on 14B shares traded. The VIX declined 8% to end at 19.90 and and transition back from fear to the greed zone. IBM closed above 250. While the FOMC left interest rates unchanged but did indicate it would be limiting QT balance sheet rolloff to almost nothing starting in April. After all the U.S. economy is still in 2020 Wuhan Flu crisis mode so that balance obscene 3T balance sheet excess must remain in place.
Thursday, stocks gained 0.3% in Asia but lost 0.4% in Europe and declined slightly in the U.S. on 13B shares traded. IBM closed below 250.
Friday, stocks lost 0.4% in Asia, 0.6% in Europe, and 0.4% in the U.S. on 21B shares traded as it was a major “quadruple witching” options expiration day. Precious metals and their miners fell about 1%. Finally, the Federal Reserve balance sheet declined 4B to 6.76T.