Only bonds were lower this week; other asset classes were mixed. Still, the biggest moves were all to the downside, as coffee fell 3.4%, gold stocks dropped 2.1%, and long term bonds declined 1.5%. Copper had the largest gains, rising 1.3%.
The only rising national currency was the Euro, up 0.4%. The Japanese Yen fell the most, off 0.6%. The USD was down 0.5%, as were its short term bonds. Long term TLT dropped 1.5%.
The cryptocurrencies retained most of, or even built on, the previous week's gains. The larger cryptos were split, as Bitcoin rose 0.6% and Ethereum fell 0.9%. Some of the smaller cryptos saw larger declines; for instance DASH dropped 10.3%, but seen in the context of the prior week's 36.1% gain, this was a pullback, not a collapse.
Equities were mixed. The Euro STOXX50 gained the most, rising 0.4%. Gold stocks had the largest losses, dropping 1.2%. The Dow Industrials fell 0.5%, while the S&P 500 added 0.1%.
The largest price swings were in commodities. Copper, the week's biggest winner, added 1.3%, while coffee, the week's largest loser, fell 3.4%. Silver dropped 1.3%, and crude oil gained 0.8%.
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