Cryptocurrencies and copper rose, but all other assets in the table moved lower. The largest gains were in Bitcoin, up 4.3%, Ethereum, up 3.7%, and the CCi30 crypto index, up 3.1%. The only other asset in the green was copper, which gained 0.1%. The largest losses were in palladium, down 4.3%, and gold stocks, down 4.2%, followed by crude oil, down 3.3%. The S&P 500 dropped 1.5%.
Most major currencies made new all-time lows mid-week, then recovered on Thursday and Friday. This includes the US Dollar, Chinese Yuan, Japanese Yen, Euro, Swiss Franc, and Pound Sterling. US Dollar cash, down 0.1%, outperformed both short term notes, down 0.5%, and long term bonds, down 1.5%.
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