The New Year has brought a mostly upbeat week, with only three assets declining: platinum, down 7.2%, palladium, down 6.8%, and gold stocks, down 2.2%. The largest gains were in cryptocurrencies, as Ethereum and the CCi30 rose 11.2% and 9.4% respectively, while Bitcoin gained 7.4%. Outside of crypto, coffee, up 6.4%, and crude oil and the Euro STOXX50, up 5.3% each, made the largest gains.
Commodities were mixed; all other assets declined. The largest gains were in platinum, up 19.3%, silver, up 9.4%, and palladium, up 4.0%. The largest losses were in cryptocurrencies, as Ethereum and the CCi30 fell 5.9% each, while Bitcoin dropped 5.2%. Outside of crypto, the Japanese Yen, down 4.6%, and the US Dollar, down 4.3%, saw the biggest declines.
Wishing everyone a very happy and profitable New Year!
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Gold stocks and precious metals advanced; other assets declined. The largest gains were in silver, up 7.5%, gold stocks, up 3.3%, and palladium, up 1.4%. The largest losses were in coffee, down 4.4%, copper, down 4.0%, and the Japanese Nikkei index, down 3.1%.
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Cryptocurrencies moved lower, but other asset classes were mixed. The largest gains were in coffee, up 4.5%, and the Japanese Yen, up 1.1%. The largest declines were in Ethereum, down 10.3%, and the broader CCi30 crypto index, down 7.2%. Outside of crypto, the largest losses were in palladium, down 4.3%, and Japanese stocks, off 3.1%. The US Dollar rose 0.4%, outpacing treasuries; short term notes rose 0.3% and long term treasuries fell 0.4%.
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Another up week for the markets; the only decliner was coffee, off 0.5%. The largest gains were in Japanese stocks, up 7.9%, cotton, up 4.5%, and silver, up 4.4%. The Canadian Dollar was the hottest currency, rising 2.4%, followed by the US Dollar and the Chinese Yuan, each up 2.3%. USD cash outperformed treasuries; short term notes rose 2.2% and long term treasuries gained 0.5%.
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This week, markets reversed course, putting most assets in the green. The only decliners were silver, down 8.7%, gold stocks, down 4.7%, and palladium, down 3.7%. The largest gains were in crude oil, up 10.0%, the CCi30 crypto index, up 7.5%, and Bitcoin, up 7.3%. The US Dollar hit a new all-time low of 7.24 mg on Monday, then rallied to end the week up 2.9%. All other major currencies followed a similar trajectory, with the CNY rising the most, closing up 5.8%. Bonds outperformed USD cash; long term treasuries rose 3.2%.
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Once again, commodities were mixed, but all other asset classes were in the red. The week's best performers (and only gainers) were silver, up 0.3%, and coffee, up 0.2%. The largest losses were in Bitcoin, down 11.5%, the Chinese Yuan down 9.5%, and the CCi30 crypto index, down 9.3%. The US Dollar hit a new all-time low of 7.3 mg on Thursday, then bounced to end the week down 5.9%. All other major currencies also made new all-time lows, with the CNY hit especially hard.
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Commodities were mixed, but all other asset classes were in the red. The week's best performers (and only gainers) were palladium, up 12.5%, and silver, up 4.2%. The largest losses were all in crypto, with the CCi30 crypto index down 18.1%, Ethereum down 17.0%, and Bitcoin down 9.5%. The US Dollar hit a new all-time low of 7.7 mg on Wednesday, then bounced to end the week down 2.2%. All other major currencies also made new all-time lows, but the Japanese Yen was singled out for a special beating, closing down 6.0%.
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National currencies and bonds fell, cryptocurrencies advanced, and equities and commodities were mixed. The week's best performers were Ethereum, up 8.5%, and Bitcoin, up 8.1%. Outside of Crypto, silver was the star, gaining 2.6%. The largest losses were in crude oil, down 9.7%, cotton, down 4.6%, and palladium, down 3.8%. The US Dollar fell 3.0% to a new all-time low; all other major currencies also made new all-time lows.
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National currencies and bonds fell, cryptocurrencies advanced, and equities and commodities were mixed. The week's best performers were the CCi30 crypto index, up 7.7%, Ethereum, up 7.6%, and palladium, up 6.1%. The largest losses were in crude oil, down 2.8%, the Chinese Yuan, down 2.2%, and the Euro, down 1.8%. The US Dollar fell 1.5% to a new all-time low, while Bitcoin gained 3.3%.
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