This week was a massive up-move for almost all markets. The week's only losers were gold stocks, down 4.5%, and coffee, off 1.0%. The largest gains were in Ethereum, up 13.5%, followed by the S&P 500, up 10.0%. The US Dollar finished up 4.4%, and Bitcoin gained 5.1%.
The Chinese Yuan, up 4.9%, was the strongest national currency, followed by the Japanese Yen, which rose 4.8%. The weakest currency was the Euro, which rose 3.9%. USD cash outperformed bonds, as short dated US Treasury notes advanced 4.3%, and long term bonds added 3.5%.
Equity indexes, with the exception of gold stocks, were all higher, led by the S&P 500, up 10.0%, and the Dow Jones Industrials, up 8.0%. Outside of gold stocks, the Nikkei 225 index was the weakest, adding 5.5%.
Commodities ex-coffee were all higher, with crude oil seeing the largest gains, rising 7.0%. Platinum rose 4.3%, while silver and copper finished the week up 3.2%.
Bitcoin rose 5.1% to close back above the 1 kg level.
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