Here’s a graph of how the U. S. debt has grown over time. Monday, stocks closed little changed in Asia but rose 0.5% in Europe and 0.4% in the U.S. on 16B shares traded. Precious metals gained 1% and their miners advanced 3%. IBM closed below its 250 benchmark.
Tuesday, stocks fell 0.3% in Asia but rose 0.3% in Europe and the U.S. on 16B shares traded. Precious metals and their miners lost 1%. Apple and IBM closed above 230 and 250 respectively.
Wednesday, stocks rose 0.5% in Asia, ended little changed in Europe, and fell 0.5% in the U.S. on 15B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to end at 4.64. The monthly CPI report confirmed inflation remains a problem.
Thursday, stocks gained 0.4% in Asia, 1.1% in Europe, and 0.6% in the U.S. on 16B shares traded. The VIX rose 5% to end at 15.10. The 10-Year U.S. Treasury bond yield fell 2% to end at 4.52. Precious metals and their miners advanced 1% as gold hit another record high. The S&P 500 ended above the 6100 level. Apple closed above 240. Producer prices confirm inflation is deep-rooted.
Friday, stocks gained 1.3% in Asia, ended down slightly in Europe, and fell 0.3% in the U.S. on 15B shares traded. Precious metals fell 1% and their miners lost three times that amount. The NASDAQ closed above 20,000 while IBM ended above its 260 benchmark.