Cotton

This week saw a massive updraft for cryptocurrencies and a mix of gains and losses in commodities, while stocks, bonds and national currencies moved lower. Bitcoin and Ethereum closed up 9.3% and 7.0% respectively to become the week's largest winners. Crude oil plunged 8.0% and coffee dropped 7.5%, the largest losses for the week. Palladium rose 4.9% to a new 18 year high.

National currencies were all lower, led by the Japanese Yen, which slumped 1.7%. The Chinese Yuan fell least, giving up just 0.1%. The US Dollar closed off 0.3%. Bonds fared much worse than cash, as the short term SHY declined 1.8% and the long term TLT fell 2.2%.

More on Weekly Update 10 Jan 2020

Stocks, bonds, and cryptocurrencies were higher, while national currencies and commodities were mixed. The largest gains were in Bitcoin and coffee, which rose 7.3% and 4.9% respectively. Gold stocks were another standout, rising 2.6%. The largest losses were in cotton, which declined 0.7%. The US Dollar gained 0.3%.

More on Weekly Update 1 Nov 2019

National currencies and bonds were lower, cryptocurrencies were higher, and equities and commodities were mixed. The largest gains were in Bitcoin and crude oil, which rose 6.9% and 3.7% respectively. The largest losses were in long term bonds, which declined 2.3%. The US Dollar was 1.5% lower.

More on Weekly Update 25 Oct 2019

Most assets moved higher, but each class (except cryptocurrencies) had a loser. The largest price swings were in commodities, as crude oil and cotton gained 5.0% and coffee fell 4.1%.

National currencies had only one decliner, the Japanese Yen, which closed off 0.2%. Although not in the table, the strongest currency I follow was the British Pound Sterling, which soared 4.6%. The Canadian Dollar came in second, rising 2.3%. USD cash was much stronger than it's bonds, rising 1.4% while the short term SHY added 1.0% and the long term TLT fell 2.5%.

More on Weekly Update 11 Oct 2019

Stocks were lower, while all other asset classes were mixed. Crude oil and platinum had the largest drops, falling 6.2% and 6.1% respectively. Long term bonds made the strongest gains, rising 1.8%.

More on Weekly Update 4 Oct 2019

Bonds fell again this week, with the so-called "safe haven" long term TLT plunging 6.3%, the largest drop of any asset. Most others rose, led by Ethereum, which gained 8.0%, and cotton which added 7.8%. Although the major stock markets moved higher, gold stocks continued to fall, dropping 5.9%.

More on Weekly Update 13 Sep 2019

It has been an interesting week with a surprise ending! Up until Friday's London PM fix, the official price I use for calculating the value of the US Dollar and other currencies, my summary would have been "National currencies, cryptocurrencies and bonds rose, while equities and commodities were mixed." But shortly after the PM fix, all hell broke loose in the trade war between the US and China, and currencies, especially the USD, tanked. This affects the prices of all the assets quoted in those currencies, pushing most of them lower by 1.0% to 1.5%. So the summary became "National currencies and bonds fell, while cryptocurrencies, equities and commodities were mixed." The biggest winners and losers remain the same, however. Gold stocks trounced all other assets, rising 6.7% (or 5.2% at end of day). The largest losses were in cotton, which dropped 2.5% (or about 4.0% by end of day).

More on Weekly Update 23 Aug 2019

National currencies, cryptocurrencies and equities fell, led by Bitcoin which dropped 13.6%, giving back most of its gains for the last month. Bonds and commodities were mixed, with the largest gains in TLT, the long term bond fund, which rose 3.1%. Outside of the cryptos, the largest losses were in coffee, down 5.7%, and platinum, off 4.6% to a new all-time low of 17.1 grams.

More on Weekly Update 16 Aug 2019

Stocks and commodities moved lower, while all other asset classes were mixed. Bitcoin made the largest gains, rising 5.0%. The biggest losses were in palladium and cotton, which dropped 10.6% and 9.3% respectively. We seem to be seeing a shift away from high-flying assets towards relative "safe havens" like gold, Bitcoin, and long term treasury bonds. New safe haven options are coming soon, including gold bonds (more on that below.)

More on Weekly Update 2 Aug 2019 Gold Bonds?

Currencies, bonds, and major stock indexes moved higher, while cryptos and commodities were mixed. Cotton and the S&P 500 made the largest gains, rising 3.7% and 3.0% respectively. The biggest losses were in Coffee, which fell 5.8%, and Bitcoin, which dropped 5.0%.

More on Weekly Update 26 Jul 2019