monetary universe

Bonds fell, cryptocurrencies rallied, and other asset classes were mixed. Bitcoin, up 14.1%, and the broader CCi30, up 11.1%, were the best performers. The largest losses were in coffee, down 6.9%, and cotton, down 6.7%. Bright spots outside of crypto were crude oil, up 5.1%, and copper, up 4.5%. USD cash underperformed treasuries, falling 2.9% while short term notes fell 2.7% and long term bonds dropped 1.4%. More dtails inside.

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This week and next week are short trading weeks with generally low volumes as traders take time off for Christmas and New Years holidays. Cryptocurrencies rose, bonds moved lower, and other asset classes were mixed. The largest drops were in long bonds, down 5.1%, and palladium, off 2.6%. The best performers were crude oil, up 6.6%, coffee, up 4.3%, followed by Ethereum and gold stocks, which each added 4.0%. USD cash fell 0.5% while the Japanese Yen rose 2.4% on interest rate hikes from the Bank of Japan.

Best wishes for the holiday season and the coming new year!

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Stocks, bonds, and cryptocurrencies moved lower; national currencies and commodities were mixed. The largest drops were in crude oil, down 11.8%, cotton, off 4.6%, and gold stocks, off 4.5%. The best performers were palladium, up 2.0%, silver, up 1.6%, and the Chinese Yuan, which added 1.3%. The cryptocurrency space continues to see fairly low volatility: Ethereum and the broader CCi30 dropped 2.9% each, while Bitcoin fell 0.4%. The US Dollar finished the week 0.6% lower.

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Cryptocurrencies and commodites moved lower; bonds were in the green, and national currencies and stocks were mixed. The largest drops were all in commodities: coffee, down 10.7%, crude oil, down 9.6%, and copper, off 7.7%. The best performers were long term bonds, up 2.2%, and the Euro STOXX, which rose 1.2%.
Happy Thanksgiving!

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Stocks fell, but all other asset classes were mixed. The largest drops were in the European STOXX, down 6.5%, crude oil, down 6.3%, and Ethereum, off 6.1%. The best performers were coffee and palladium, up 2.4% and 1.7% respectively, followed by the CCi30 crypto index, which rose 1.5%.

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Cryptos moved up strongly, national currencies and bonds were mostly lower, and other asset classes were mixed, but mostly higher. ETH gained the most, rising 22.5%, follwed by the broader CCi30 crypto index, which closed up 10.8%. Outside of cryptocurrencies, the Nikkei index made the best showing, rising 4.3%. Crude oil, down 4.7%, and the HUI gold stock index, down 2.9%, were the week's worst performers.

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National currencies and bonds rose, cryptos and most stocks moved lower, and commodities were mixed. The biggest gains were in palladium and long bonds, which advanced 4.5% each. The worst losses were in crypto, as Ethereum dropped 12.3% and the broader CCi30 fell 10.5%. Outside of crypto, the hardest hit were silver, down 4.0% and gold stocks, down 3.1%.

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A big red week! Every asset in the table moved lower except silver, which managed a 0.6% gain. The worst losses were in crypto, as ether plunged 35.2% and bitcoin fell 30.1%. Outside of crypto, the hardest hit were crude oil, down 9.8% and gold stocks, down 8.3%.

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