The New Year has brought a mostly upbeat week, with only three assets declining: platinum, down 7.2%, palladium, down 6.8%, and gold stocks, down 2.2%. The largest gains were in cryptocurrencies, as Ethereum and the CCi30 rose 11.2% and 9.4% respectively, while Bitcoin gained 7.4%. Outside of crypto, coffee, up 6.4%, and crude oil and the Euro STOXX50, up 5.3% each, made the largest gains.
The US Dollar was the best performing national currency, rising 4.3%. Long term bonds matched this gain, but short term treasuries did a bit better, adding 4.4%.
Wishing everyone a very happy and profitable New Year!
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