Weekly Update 24 Jul 2026

National currencies, cryptos, and bonds fell, but equities and commodities were mixed. The largest gains were in crude oil, up 6.4%, gold stocks, up 3.9%, and silver, up 3.6%. The largest losses were in coffee, down 6.2%, the CCi30 crypto index, down 3.7%, and long term bonds, down 3.2%.

USD cash outperformed bonds, dropping 1.8% while short term notes fell 2.0% and long term bonds dropped 3.2%. The S&P 500 fell 2.4% while the Nikkei 225 index gained 0.8%.