Cryptocurrencies, national currencies and bonds fell, equities rose, and commodities were mixed. The largest gains and losses were all in commodities, with copper, crude oil, cotton and gasoline making new all-time lows. The largest gains were in palladium and platinum; they rose 27.3% and 11.7% respectively. Cotton took the biggest hit, falling 12.8%. Crude oil continued to collapse, dropping 12.6%.
National currencies all moved lower, led by the Chinese Yuan (down 7.9%) and the US Dollar (off 7.6%). The best performing currency was the British Pound (not in table) which fell just 2.8%. Bonds outperformed cash, as the short term SHY dropped 7.4% and the long term TLT declined 2.8%.
Bitcoin fell 3.6%, but outperformed all the national currencies in the table. On Sunday it fell to a low of 128.7 grams, then recovered to a high of 130.8 on Tuesday before sinking gradually to a close of 124.4 grams. Ethereum followed a similar pattern, dropping 6.8%.
Equities had their time in the sun this week. The Japanese Nikkei index led the charge higher, gaining 11.4%. US indexes under-performed; the S&P 500 rose 1.9% and the Dow Industrials added 4.3%. Gold stocks gained 7.9%.
Commodities were crazy again this week. Cotton and crude oil were the biggest losers, falling 12.8% and 12.6% respectively, and ending the week at new all-time lows. Copper and US retail gasoline (not in table) also hit new all-time lows this week. On the other side of the coin, palladium and platinum were the best performing of all assets in the table, rising 27.3% and 11.7% respectively. Silver (up 4.7%) was the only other commodity in the black, making a clean sweep for the precious metals.
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