Weekly Update 23 Feb 2018
It was a "risk on" week, with every asset class rising except Ethereum (down 6.8%) and gold stocks (HUI off 2.7%). The biggest gains were in cotton, up 9.4%, and crude oil, up 4.9%.
Among the currencies, the USD added the most (rising 1.8%) while the Euro gained the least (moving up 0.6%). Short term bonds traded in line with cash, gaining 1.8%, while the long term TLT rose less, adding 1.3%.
Equities were mostly higher, except for gold stocks, which ended down 2.7%, giving back most of their gains from the prior week. The S&P 500 gained the most, rising 2.3%.
Cotton and crude oil were the strongest commodities, rising 9.4% and 4.9% respectively. Platinum and silver gained the least, adding 0.3% and 0.4% respectively.