Weekly Update 11 Sep 2020

Almost every asset in the table lost value this week. The only exceptions were platinum, which rose 1.8%, and long term treasury bonds, which closed unchanged. The worst losses were in crude oil, down 7.2%, and Ethereum, off 4.5%.

The Canadian Dollar was the worst performing national currency, falling 1.6%. The Chinese Yuan did best, sliding 0.5%. The USD fell 1.1%; short term treasury notes dropped 1.0% and long term bonds closed unchanged.

Ether closed down 4.5%, Bitcoin was off 2.1%, and the larger crypto space as measured by the CCi30 declined 1.5%. Some of the smaller components of the CCi30 fared much better; for instance DASH finished the week up 4.4%.

The worst performing stock markets were in the US, as the S&P 500 dropped 3.6% and the Dow Industrials fell 2.7%. The Japanese Nikkei outperformed its peers, giving up just 0.1%.

The week's largest price swings were in the commodities, as crude oil plunged 7.2% and platinum rallied 1.8%. Other metals were not so lucky: copper fell 1.9% and silver declined 0.9%.

On a year over year basis, Ethereum (up 60.3%) and gold stocks (up 23.7%) are the best performers. The worst assets to hold were crude oil (down 48.7%) and platinum (off 24.4%). The Canadian and US Dollars were close behind, falling 23.6% and 23.5% respectively.

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