Weekly Update 30 Aug 2024

National currencies, cryptos, and bonds all moved lower this week, while stocks and commodities were mixed, but mostly lower. Palladium had the largest gains, rising 3.9%. The only other assets in the green were the Dow Jones Industrials, up 0.9%, the S&P 500, up 0.2%, and silver, which closed unchanged. The largest losses were in cryptos, with the broad CCi30 index down 9.1%, and Ethereum down 8.6%. Outside of crypto, the worst losses were in cotton, off 2.2%, and long term treasuries and gold stocks, off 2.0% each.

Other notable losses were in crude oil, down 1.8%, and the Euro, down 1.2%. The USD finished 0.1% lower. The best performing national currency was the Canadian Dollar, which was little changed.