Cryptocurrencies advanced, while national currencies, stocks, bonds, and commodities were mixed. Crude oil plummeted again, closing down 20.3% to a new all-time low. Gasoline, diesel and natural gas (not in table) also made new all-time lows this week, as did copper. Ethereum made the largest gains, rising 7.6%.
Cryptocurrencies, bonds and gold stocks were in the black, major stock indexes declined, and national currencies and commodities were mixed. The wildest ride was in crude oil, which hit a new all-time low of 386 mg per barrel on Monday, then began rising. On Thursday and Friday it shot higher, finishing the week at 546 mg, up 32.1%. The largest losses were in Japanese stocks, which dropped 8.1%, and palladium, down 4.8%.
Cryptocurrencies, national currencies, bonds and gold stocks moved higher, major stock indexes fell, and commodities were mixed. The largest gains were in coffee and Bitcoin; they rose 18.9% and 16.5% respectively. Crude oil fell the most, collapsing 25.1%. Platinum and silver were also hit hard, falling 17.9% and 16.2% respectively. Many commodities made new all-time lows this week, including silver, platinum, copper, crude oil, and cotton.
National currencies, commodities, and most stocks fell, while cryptocurrencies rose, and bonds were mixed. Gold stocks scored the largest gains, rising 6.6%, but all major stock indexes closed lower. Long bonds (TLT) and Ethereum vied for second place, gaining 2.8% and 2.7% respectively. Crude oil once again registered the largest loss, falling 11.8% to a new four year low. Natural gas (not in table) recorded a new all-time low.
National currencies, cryptocurrencies, bonds, and major stock indexes fell while commodities were mixed. The big winners were gold stocks, which rose 6.6%, and palladium, which gained 5.3%. Cryptocurrencies took the biggest hits, as Ethereum dropped 10.1% and Bitcoin fell 9.6%. Although Ethereum registered the largest loss in absolute terms, I see it as a healthy correction following last week's massive 26.9% gain.
Cryptocurrencies rose again, stocks and commodities were mixed, and national currencies and bonds moved lower. Similar to last week, Ethereum soared 26.9% and Bitcoin gained 4.7%… but that was only enough to put Bitcoin in 4th place behind coffee (up 10.3%) and palladium, which added 6.4%. The largest losses were in the Euro, which fell 1.6%. In a three-way tie for second place were the Nikkei index, the HUI gold stocks, and cotton, each down 1.1%.
Most asset classes moved lower; the main exceptions were gold stocks, which rose 3.0%, and long term treasury bonds, which gained 2.5%. The largest losses were in crude oil, which dropped 7.8%, and copper, which fell 6.1%. Cryptocurrencies also pulled back, less than some commodities, but more than stocks or bonds.
Equities and commodities were mixed but weighted to the downside; all other asset groups moved lower. The largest gains were in cotton, which rose 0.9%, and the S&P 500, which added 0.8%. The worst performers were Ethereum, which fell 11.7%, and gold stocks, which dropped 3.6%.
Cryptocurrencies declined again, bonds and commodities moved higher, and national currencies and equities were mixed. The largest gains were in coffee and palladium, which rose 9.1% and 2.5% respectively. The largest losses were in Ethereum, which fell 16.6%, and Bitcoin, which dropped 13.9%.
National currencies moved higher, but all other asset classes were mixed. The largest gains were in coffee and crude oil, which rose 8.4% and 5.0% respectively. The largest losses were in silver, which fell 4.4%, and gold stocks, which declined 3.7%.