Cryptocurrencies were lower, stocks and bonds were higher, and national currencies and commodities were mixed. Bitcoin had the largest loss, pulling back 10.2% this week, but was still up 34.9% from one month ago. The biggest gains were in cotton, which rose 6.4%, and palladium, which added 4.8%.
The only falling national currency was the Chinese Yuan, which dropped 0.1%. The US Dollar fared best, gaining 1.5%. Bonds were up, but did worse than the underlying USD cash, as the long term TLT gained 1.4% and the short term SHY added 1.3%.
The week's largest losses were in the cryptocurrencies, as they paused for breath after a multi-week sprint higher. Bitcoin saw a low of 236.8 grams on Monday, then rallied through the week to close at 245.9 grams, off 10.2%. Ethereum closed down 6.1%.
Stock markets were all higher, led by the S&P 500, which gained 3.1%. Trailing the major market indexes were the HUI gold stocks, which added just 0.9%.
Commodities were mostly higher, with the exceptions being copper, down 0.6%, and crude oil, off 0.2%. Cotton was the week's big winner, gaining 6.4%. The PGMs also did well, as palladium rose 4.8% and platinum added 3.2%. Silver was up 1.4%.
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