Weekly Update 13 Jul 2018
Currencies, bonds and stocks were mostly higher, while crypto-currencies got hammered, and commodities were mixed. The largest gains were in cotton, up 5.2%, and the Dow Jones Industrial Average, up 3.6%. The biggest losses were in Ethereum, which fell 7.4%.
The only falling government-issued currency was the Japanese Yen, which lost 0.7%. The USD was strongest, gaining 1.1%. Long and short term bonds both kept pace with USD cash, also rising 1.1%.
Bitcoin and Ethereum both worked their way lower over the course of the week, closing down 5.5% and 7.4% respectively. On Monday the 16th, however, both made solid gains, wiping out the prior week's losses.
Gold stocks fell 2.1%, but all other equity indexes were in the black. The Dow led the field, rising 3.4%. The Nikkei was also strong, gaining 3.0%.
Commodities were mixed, with cotton rising 5.0% while crude oil fell 2.7% and coffee dropped 2.6%. Among the metals, copper fell 0.4% while palladium rose 0.8%. Silver was little changed, down 0.1%.
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