Weekly Update 9-Sep-2016
This week was mostly lower for bonds and equities, but mostly higher for currencies and commodities. The strongest asset class was Bitcoin, which rose 7.8%, while the weakest asset class was gold stocks, which fell 4.4%.
The Chinese Yuan was the weakest currency, off 1.8%. The Japanese Yen was the strongest government-issued currency, gaining 0.6%. The USD lost 0.5%, and long term treasury bonds fell 2.7%.
Stock markets were mostly lower, led by the HUI gold stock index, which dropped 4.4%. The Dow Jones Industrials and the S&P 500 were off 2.7% and 2.8% respectively. The Japanese Nikkei was the only rising stock index, gaining 0.9%.
Commodities were all higher except for coffee, which fell 0.6%. Silver made the largest gains, rising 3.0%. Crude oil gained 2.8%, while platinum rose 1.5% to close at 25.1 grams per ounce.