Precious metals and gold stocks rose while all other assets declined. The largest gains were in platinum, up 8.5%, palladium, up 6.6%, and gold stocks, up 2.8%. The largest losses were all in crypto, as Ethereum fell 16.5%, the CCi30 index fell 13.9%, and Bitcoin lost 12.7%. Outside of crypto, the worst performers were cotton, down 8.0%, coffee, down 7.9%, and the Dow Industrials, down 7.3%. Cotton and coffee both closed at new-all-time lows.
Every major national currency dropped to a new all-time low. The Chinese Yuan was the worst currency to be holding, falling 7.2%, while the Euro fell the least, "just" 5.6%. The US Dollar fell 6.8%, while long term bonds fell 6.6%.
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