A good week for stocks; a mixed week for commodities and currencies. The best performing asset class, by far, was crude oil, which rose 11.0% – but with crude’s weak performance during the first 6 weeks of the year, it is still sitting near its all-time lows. The weakest asset was cotton, down 3.8%, followed by palladium, off 2.6%.
Gold stocks slightly outperformed the S&P 500, rising 2.2% to the S&P’s 2.0% gain.
Bitcoin was the strongest currency, up 2.4%, followed by the Canadian Dollar, which rose 2.1%. The Chinese Yuan fell 1.3%, followed by the Euro, which lost 0.6%. Treasury bonds underperformed USD cash, with TLT falling 0.1% while the USD rose 0.3%.