Cryptocurrencies rose and bonds fell; national currencies and stocks were mixed but mostly lower, while commodities were mixed but mostly higher. Bitcoin, up 11.1%, and Ether, up 6.8%, made the largest gains. The largest losses were in long term bonds, down 3.3%, and coffee, off 2.2%.
I'm moving this week… Some commentary may be missing or minimal!
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Stocks and bonds fell, cryptocurrencies rose, and national currencies and commodities were mixed. Ether, up 12.2%, and Bitcoin, up 11.7%, made the largest gains. The largest losses were in the Nikkei, down 5.4%, the Euro STOXX, down 4.1%, and silver, off 3.1%.
The Chinese Yuan was the only rising national currency, gaining 0.3%. The Euro took the worst beating, falling 1.6%. The US Dollar dropped 0.6%; short term treasuries outperformed cash, falling 0.5%, but long term bonds did much worse, retreating 1.6%.
Cryptocurrencies were all in the green, led by Ether, which rose 12.2%. Bitcoin did nearly as well, moving up 11.7%, while the broader 30 crypto index added 9.4%.
Equity markets all moved lower. The Japanese Nikkei index took the largest hit, falling 5.4%, followed by the European STOXX, which dropped 4.1%. Gold stocks outperformed, giving up 1.5%. In the US, the Dow declined 1.9% while the S&P 500 fell 2.8%.
Commodities were mixed, with metals down and soft goods and energy up. Cotton rose 8.3% and coffee added 4.4%, while silver fell 3.1% and copper lost 2.8%. Crude oil closed up 2.0%.
Year over year, most assets are in the green. The exceptions are gold stocks, down 24.9%, palladium, down 11.4%, and long term treasuries, off 2.3%. Cryptos are still the best performers, as ether has risen 886.6% and the broad 30 crypto index is up 449.6%. Outside of crypto, crude oil, up 112.1%, and coffee, up 106.3% are the largest winners. The S&P 500 is the best performiong stock index, gaining 39.5%.
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Cryptocurrencies moved lower; national currencies, stocks, bonds and commodities were mixed. Coffee, up 4.8%, and cotton, up 4.5%, made the largest gains. The largest losses were in Ether, down 13.3%, and the CCi30 crypto index, off 11.5%.
The Chinese Yuan was the best performing national currency (up 1.9%), while the Japanese Yen was the worst (down 0.1%). The US Dollar gained 0.5%. Short term notes underperformed cash, rising 0.4%, and long term bonds did much worse, falling 1.0%.
Ethereum started the week on an upnote, but collapsed on Monday and Tuesday, dropping 19.5% to 48.5 grams before recovering to close at 52.2 grams, down 13.3%. News of yet another Chinese crypto crack down, along with fear of a Chinese real estate melt-down seemed to be the key drivers. Bitcoin (and many other cryptos) followed a similar pattern, but BTC fell less and recovered more robustly, ending the week at 762.8 grams, off 8.9%.
Gold stocks fell 2.5% and the Japanese Nikkei index closed down 1.0%, but other equity indexes moved higher by about one percent. The Dow Industrials did slightly better than its peers, adding 1.1%.
The week's biggest winners were commodities, as coffee rose 4.8%, cotton gained 4.5%, and crude oil rallied 3.3%. Outside of crypto, palladium was the week's largest loser, closing down 3.5%. Silver also declined, giving up 1.0%; the rest of the metals did better, as platinum added 2.2% and copper rose 1.5%.
Year over year, only gold stocks (down 23.5%), palladium (down 6.4%) and long bonds (off 3.9%) are at a loss. Cryptos are still the strongest asset class by far, especially Ether, which is up 880.7%. Aside from crypto, crude oil (up 95.6%), and coffee (up 86.4%), are the best performers.
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Cryptocurrencies, national currencies, and bonds moved higher; stocks and commodities were mixed. Ether, up 8.2%, and Bitcoin, up 7.6%, made the largest gains. Crude oil finished in third place, rising 5.5%. The largest losses were in palladium, down 6.0%, and copper, off 2.5%.
The US Dollar was the strongest currency, gaining 2.2%. The Chinese Yuan was the weakest, adding just 0.2%. Short term notes tracked USD cash, adding 2.2%, but long term bonds did better, rising 2.7%.
Ether rose to a high of 63.5 grams on Thursday, then pulled back to close at 60.2 grams, up 8.2%. Bitcoin followed a similar pattern, topping out at 850.3 grams, but closing at 837.3 grams, up 7.6%. The broader 30 crypto index added 5.0%.
Gold stocks pulled back 0.2%, but all other stock indexes moved higher. The Japanese Nikkei took the lead, rising 2.5%, followed by the Dow Industrials, which gained 2.1%. The Euro STOXX lagged its peers, adding 1.0%.
Commodities were very mixed, with crude oil rising 5.5% while palladium dropped 6.0%. The entire metals complex was lower; copper fell 2.5% and silver slid 2.1%.
Year over year, cryptos remain the star performers, especially Ethereum, which has risen 938%. Gold stocks are the worst performing asset, falling 25%. Outside of the crypto complex, crude oil and coffee, up 93.7% and 74.2% respectively, are the strongest assets. Silver and palladium are the only other assets in the red, with declines of 5.1% and 4.8% for the year.
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Cryptocurrencies fell, while national currencies and bonds moved higher; stocks and commodities were mixed. Ether, down 17.2%, and the 30 Crypto Index, off 10.4%, had the largest losses. The Nikkei index, up 5.8%, and copper, up 4.4%, made the largest gains.
The US Dollar and the Japanese Yen, up 1.6% and 1.5% respectively, were the strongest national currencies. The Canadian Dollar lagged behind, rising 0.7%. Short term bonds tracked USD cash, gaining 1.6%, but long term bonds did a bit better, adding 1.8%.
Cryptocurrencies had a rough week, especially Ethereum, which fell 17.2%. The broader 30 crypto index dropped 10.4%, and Bitcoin declined 8.8%.
The Nikkei rose 5.8%, making it the best performing asset overall. Gold stocks fell 4.2%, and the Dow Industrials declined 0.6%. The S&P 500 and the Euro STOXX were little changed.
The largest loss of the week was in palladium, which fell 7.2%. Platinum was also down, but only 1.3%. Copper was the best performing commodity, rising 4.4%. Crude oil gained 2.3% and silver rose 1.5%.
Year over year, cryptocurrencies continue to be the best performing asset class, particularly Ethereum, which is up 892.5%. Outside of crypto, crude oil and copper are the strongest assets, up 104.8% and 62.7% respectively. The S&P 500, up 46.3%, is the best performing stock index. The only assets not in the green are gold stocks, down 23.3%, and silver, off 2.9%.
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Cryptocurrencies were in the green while stocks and commodities were mixed but mostly lower; national currencies and bonds were in the red. Ether, up 18.8%, and the CCI30, up 6.1%, made the largest gains. Cotton, down 2.2%, and long term bonds, off 2.1%, had the largest losses.
The best performing national currency was the Chinese Yuan, off 0.3%. The US and Canadian Dollars fared the worst, falling 1.4%. Short term bonds tracked USD cash, but long term bonds underperformed, dropping 2.1%.
Ethereum started the week with some mild gains, but on Wednesday shot higher and held those gains to close at 67.2 grams, up 24.5%. Bitcoin spent most of the week underwater but recovered to close at 853.2 grams, up 0.6%. The broader CCi30 index finished in between these extremes, up 6.1%.
The Nikkei 225 was by far the strongest stock market index, gaining 4.2%. Gold stocks closed unchanged, and the Dow Industrials had the largest losses, falling 1.6%. The S&P 500 finished off 0.8%.
Silver rose 0.5% and platinum added 0.1%, but all other commodities were in the red. Cotton, down 2.2%, and palladium, off 2.0%, were the weakest performers. Copper closed down 1.3% and crude oil declined 0.6%.
Year over year, the only assets in the red were gold stocks, down 20.2%, silver, down 4.9%, and long term bonds, off 3.6%. Cryptos made the stongest gains, particularly Ethereum, which is up 856.1%. Outside of cryptos, crude oil has gained the most, rising 78.2%. The S&P 500 is the best performing equity index, adding 39.7%.
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Commodities were all in the green and equites and national currencies were mixed; cryptocurrencies and bonds were in the red. Crude oil, up 9.4%, and coffee, up 5.2%, made the largest gains. Long term bonds, down 1.8%, and Bitcoin, off 1.6%, had the largest losses.
The Canadian Dollar was the only rising national currency, gaining 0.8%. The Japanese Yen and US Dollar fell the most, dropping 1.2% and 1.1% respectively. Long term bonds fell 1.8% and short term notes fell 1.0%.
Cryptocurrencies fell, led by Bitcoin and Ethereum, off 1.6% each. The broader index of 30 cryptos was off 1.4%. Some of the smaller cryptos did well, however; for example, privacy focused Monero gained 10.5%.
The Dow Industrials declined 0.1%, but all other equity indexes rose. Gold stocks gained 4.9%, and the Nikkei added 1.1%.
Commodities were all higher, led by crude oil, up 9.4%, and coffee, up 5.2%. Platinum and silver lagged, gaining 0.4% and 0.6% respectively.
Year over year, cryptos continue to dominate. Ethereum was the best performer, rising 809.5%. Commodities were also power houses; crude oil rose 70.8% and coffee gained 65.7%. Among the equities, the S&P 500 was strongest, adding 38.4%. Gold stocks fell 18.8%, and silver dropped 7.3%, the only assets in the red for the year.
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Cryptos and bonds were mixed, but other asset classes moved lower. The broad index of 30 cryptos, up 7.2%, and Bitcoin, up 2.9%, were the week's best performers. Palladium dropped the most, falling 13.5%. Crude oil also had a bad week, declining 9.5%.
Among the national currencies, the Canadian Dollar and Chinese Yuan fell the most, dropping 3.1% and 1.9% respectively. The Japanese Yen and US Dollar were the best performers, giving up 0.2% and 0.3%. Short term notes fell 0.3% in line with USD cash, but long term bonds rose 1.1%.
In crypto, the smaller coins outdid the large caps, as the CCi30 gained 7.2%, the week's strongest performance for any asset. Bitcoin rose 2.9%, but Ethereum lagged, falling 1.4%.
Stocks were all in the red, but gold stocks fell the most, dropping 6.1%. The S&P 500 fell the least, declining 0.9%.
Commodities saw the worst of the week's carnage. Palladium fell 13.5% and crude oil dropped 9.5%, the largest declines of any assets. Silver did better than any other commodity in the table, sliding 1.1%.
Year over year, there are only two assets in the red: gold stocks, down 24.6%, and silver, down 6.6%. Everything else is in the green, but by far the greenest pastures are in crypto land, where Ether is up 800.5%, and the CCi30 crypto index is up 392.4%. Outside of crypto, coffee, up 62.9%, and crude oil, up 57.2%, are the best performers.
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Cryptos rose, bonds fell, and other asset classes were mixed. The broad index of 30 cryptos, up 19.6%, and Ethereum, up 14.2%, were the week's best performers. Silver dropped the most, falling 6.9%. Gold stocks also underperformed, dropping 2.4%.
The Chinese Yuan was the best performing national currency (and the only one in the green, up 2.2%). The US Dollar dropped the most, falling 0.6%. Short term treasury notes also fell 0.6%, but long term bonds did better, closing off just 0.1%.
Cryptocurrencies went on a tear, with the smaller caps leading the way. The CCi30 index rose 19.6%, while Ethereum and Bitcoin worked their way higher to close up 14.2% and 10.9% respectively. These moves came in spite of a stream of news that many would call negative, including a major protocol hack and increasing calls for crypto regulation in the US.
The only equity market in the red was the HUI gold mining stock index, which closed down 2.4%, the second largest drop this week. The European STOXX50 led the gainers, rising 0.9%. The Dow Industrials added 0.2%.
Coffee was the best performing asset outside of cryptos, rising 3.2%. Cotton and platinum also were in the green, adding 2.2% each. Silver was the week's worst performer, falling 6.9%. Copper was little changed, down 0.1%.
Year over year, only gold stocks (down 15.8%) and silver (down 2.4%) are in the red. Cryptocurrencies outperform all other asset classes, as Ethereum has risen 825.3% and the 30 crypto index is up 366.5%. The second best place to be is commodities, where crude oil is showing a 77.6% gain and cotton is up 64.1%. The S&P 500 is the best performing equity index, gaining 45.2%. The US Dollar has risen 9.6%, but is eclipsed by the Canadian Dollar (up 15.8%) and the Chinese Yuan (up 12.5%).
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Gold stocks fell and commodities were mixed, but all other assets moved higher. Ethereum, up 21.4%, the CCi30, up 9.5%, and cotton, up 6.2%, were the week's best performers. Crude oil dropped the most, declining 4.2%.
The US Dollar led the national currencies higher, rising 3.6%. The Chinese Yuan lagged behind, gaining 1.4%. Treasuries underperformed USD cash, as short term notes rose 3.5% and long term bonds added 2.5%.
Cryptocurrencies continued their climb, led by Ethereum, which rocketed 21.4% higher as the new "Ethereum 2.0" protocols came into effect. Bitcoin also had a good week, gaining 5.0%. The broader 30 crypto index split the difference, adding 9.5%.
Gold stocks fell 1.7%, but other equities were in the green. The Japanese Nikkei led the way higher, gaining 5.1%, and was followed by the Euro STOXX, which rose 4.8%. The Dow Industrials lagged, adding "just" 4.4%.
Commodities were mixed, with crude oil falling 4.2% and platinum declining 1.1%, while cotton surged 6.2% and palladium rose 3.7%. Silver added 1.5% and copper gained 0.3%.
Year over year, only gold stocks are lower (down 16.0%). Cryptos have been the best performers, especially Ethereum, which rose 736.4%. Crude oil, up 90.0%, is the strongest asset outside of crypto. Coffee and copper also had an excellent year, up 76.4% and 74.4% respectively.
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