Cryptocurrencies and most national currencies rose, while other assets were mixed. After falling last week, the CCi30 gained 18.9% and Ethereum rose 18.3% to a new all-time high. Gold stocks fell the most, dropping 4.5%.
The Japanese Yen was the only declining national currency, closing off 0.3%. The Canadian Dollar was strongest, rising 2.5%, followed by the Chinese Yuan, gaining 1.4%. The US Dollar rose 0.8%, as did its short term notes. Long term bonds fell 0.2%.
Cryptocurrencies surged higher, led by the broad 30 crypto index, which gained 18.9%. Ether rose strongly, adding 18.3% to close at 48.8 grams, a new all-time-high. Bitcoin also recovered, adding 13.9% and moving back above the 1 kg level.
US stock markets rose a bit, but most others declined. The S&P 500 gained 0.8%. Gold stocks, as measured by the HUI index, declined 4.5%, the largest drop for any asset in this week's table. Japan's Nikkei fell 1.0%.
Commodities were mostly higher, led by copper, up 3.5%, and palladium, up 3.3%. Crude oil was in third place, rising 3.1%. Platinum was a major exception, falling 1.3%. Silver also declined, giving up 0.2%.
Year over year, cryptocurrencies, commodities, and major stock indexes are all in the green, but bonds were lower. Ethereum is by far the largest winner, up 1,131.7%. Crude oil is the leading commodity, gaining 225.1%. The only declining equity index is the HUI, off 0.9%; the largest stock market gains were in the Euro STOXX, up 44.1%. The Canadian Dollar was the best performing national currency, up 8.8%, while the Japanese Yen was the worst, down 5.8%.
Click for PDF version