Weekly Update 2 Mar 2018
This week, stocks were lower, bonds were higher, and currencies and commodities were mixed. Bitcoin made the largest gains, rising 8.1%, followed by the Japanese Yen, which gained 1.5%. The worst losses were in palladium, off 4.2%, and crude oil, down 3.2%.
The Canadian Dollar was the only falling currency, giving up 1.2% for the week. The USD gained 0.4%, and short term bonds traded in line with cash, while the long term TLT rose 0.6%.
Equities were all lower, led by the Dow Jones Industrials, which fell 2.6%. The S&P 500 fell the least, giving up 1.6%. Gold stocks dropped 1.7%.
Cotton and coffee rose 1.4% apiece. Palladium fell 4.2%, and crude oil lost 3.2%. Silver was off 0.6%, the smallest drop of all the metals.
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