Weekly Summary 17 Feb 2017
Government-issued currencies and bonds were all lower this week, but stocks and commodities were mixed. The largest gains were in Bitcoin, which rose 4.9%, more than making up for the prior week's losses. Cotton fell more than any other asset-class, giving up 4.2%.
The US Dollar led the drop in currencies, falling 1.1%. The Japanese Yen fell least, losing 0.7%. Bonds were lower; the short term SHY was down 1.1%, while the long term TLT was off 1.5%.
Major US stock indexes were higher, but the Nikkei 225 was 1.5% lower and the European STOXX was little changed, off 0.1%. In the US, the Dow gained 0.6% and the S&P 500 added 0.4%. Gold stocks had the largest losses in the equity category, falling 3.0%.
Commodities were mixed, with coffee and silver up 1.5% and 1.1% respectively, while cotton and copper fell 4.2% and 3.1%.
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