Weekly Update 11 Jun 2021

Bonds rose, but all other asset classes were mixed. The largest losses were in Ethereum, down 12.0%, the 30 crypto index, down 10.4%, and the Chinese Yuan, off 2.4%. The week's best performers were silver, up 3.4%, and crude oil, up 2.4%. Long term bonds came in third, gaining 2.2%.

The only falling national currency was the Chinese Yuan, which declined 2.4%. The US Dollar was strongest, adding 0.5%. Short term notes also rose 0.5%, but long term bonds climbed 2.2%.

Bitcoin fell to a low of 549.9 grams on Tuesday, but recovered to close the week at 617.3 grams, up 1.7%. Other cryptos didn't fare as well…the broad index of 30 cryptos fell 10.4%, and Ethereum worked its way lower through the week, ending down 12.0%.

The best performing stock markets were in Europe, as the STOXX50 rose 1.1%, and in the US, with the S&P 500 rising 0.9%. Gold stocks, down 1.4%, and the Dow Industrials, off 0.3%, were the weakest markets.

The week's best performing assets were commodities, as silver rose 3.4% and crude oil gained 2.4%. Coffee, down 2.1%, and palladium, off 1.4%, were the under-performers.

Year over year, Bonds are in the red, cryptos, commodities, and stocks are all in the green, and national currencies are mixed. Cryptocurrencies are the best performers, especially Ether, which is up 770.8%. Crude oil and copper gained 80.3% and 62.1% respectively. Among the equities, the Euro STOXX, up 32.4%, and the S&P 500, up 30.7% have gained the most. The largest losses have been in long term bonds, down 18.7%, and the Japanese Yen, down 10.2%. The US Dollar is in third place, down 7.6%.

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