Most asset classes moved lower; the main exceptions were gold stocks, which rose 3.0%, and long term treasury bonds, which gained 2.5%. The largest losses were in crude oil, which dropped 7.8%, and copper, which fell 6.1%. Cryptocurrencies also pulled back, less than some commodities, but more than stocks or bonds.
Dow Jones Industrials
This week saw a massive updraft for cryptocurrencies and a mix of gains and losses in commodities, while stocks, bonds and national currencies moved lower. Bitcoin and Ethereum closed up 9.3% and 7.0% respectively to become the week's largest winners. Crude oil plunged 8.0% and coffee dropped 7.5%, the largest losses for the week. Palladium rose 4.9% to a new 18 year high.
National currencies were all lower, led by the Japanese Yen, which slumped 1.7%. The Chinese Yuan fell least, giving up just 0.1%. The US Dollar closed off 0.3%. Bonds fared much worse than cash, as the short term SHY declined 1.8% and the long term TLT fell 2.2%.
Equities and commodities were mixed but weighted to the downside; all other asset groups moved lower. The largest gains were in cotton, which rose 0.9%, and the S&P 500, which added 0.8%. The worst performers were Ethereum, which fell 11.7%, and gold stocks, which dropped 3.6%.
Cryptocurrencies declined again, bonds and commodities moved higher, and national currencies and equities were mixed. The largest gains were in coffee and palladium, which rose 9.1% and 2.5% respectively. The largest losses were in Ethereum, which fell 16.6%, and Bitcoin, which dropped 13.9%.
Cryptocurrencies declined, stocks and bonds moved higher, and currencies and national commodities were mixed. The largest gains were in gold stocks and long term bonds, which rose 2.4% and 1.9% respectively. The largest losses were in Bitcoin, which fell 3.7%, and coffee, which declined 3.2%.
National currencies moved higher, but all other asset classes were mixed. The largest gains were in coffee and crude oil, which rose 8.4% and 5.0% respectively. The largest losses were in silver, which fell 4.4%, and gold stocks, which declined 3.7%.
Stocks, bonds, and cryptocurrencies were higher, while national currencies and commodities were mixed. The largest gains were in Bitcoin and coffee, which rose 7.3% and 4.9% respectively. Gold stocks were another standout, rising 2.6%. The largest losses were in cotton, which declined 0.7%. The US Dollar gained 0.3%.
National currencies and bonds were lower, cryptocurrencies were higher, and equities and commodities were mixed. The largest gains were in Bitcoin and crude oil, which rose 6.9% and 3.7% respectively. The largest losses were in long term bonds, which declined 2.3%. The US Dollar was 1.5% lower.
Bonds and cryptocurrencies were lower, but other asset classes were mixed. The largest gains were in the Nikkei 225 index and palladium, which rose 3.2% and 3.0% respectively. The largest losses were in Ethereum, which declined 5.6%. The USD was 0.7% lower.
Most assets moved higher, but each class (except cryptocurrencies) had a loser. The largest price swings were in commodities, as crude oil and cotton gained 5.0% and coffee fell 4.1%.
National currencies had only one decliner, the Japanese Yen, which closed off 0.2%. Although not in the table, the strongest currency I follow was the British Pound Sterling, which soared 4.6%. The Canadian Dollar came in second, rising 2.3%. USD cash was much stronger than it's bonds, rising 1.4% while the short term SHY added 1.0% and the long term TLT fell 2.5%.