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Weekly Update 28 Feb 2025
National currencies and bonds gained ground, cryptocurrencies moved lower, and stocks & commodities were mixed. The biggest gains were in long dated treasuries, which zoomed higher by 6.8%, followed by the Dow Industrials, which rose 4.5%. The largest losses were in Ethereum, down 13.0%, and Bitcoin, down 9.1%. Outside of crypto, the worst losses were in palladium, down 2.8%, and silver, off 2.1%.
The strongest national currency was the US Dollar, which advanced 3.5%. The Chinese Yuan was the weakest currency, and even it gained 1.6%. Long term treasury bonds and short term notes did much better than cash, rising 6.8% and 4.0% respectively. After weeks of relentless selling, this was a welcome relief rally for the currencies.
The only falling stock index was the Nikkei 225, which dropped 1.6%. The Dow Industrials rose 4.5%, while the Euro STOXX50 gained 2.8% and the S&P 500 rose 2.5%. Gold stocks were up slightly, advancing 0.9%.
The strongest commodities were crude oil, up 2.6% and copper, up 2.5%. Precious metals were mixed, with platinum up 1.5%, but palladium down 2.8% and silver off 2.1%
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By Charles VollumNational currencies and bonds gained ground, cryptocurrencies moved lower, and stocks & commodities were mixed. The biggest gains were in long dated treasuries, which zoomed higher by 6.8%, followed by the Dow Industrials, which rose 4.5%. The largest losses were in Ethereum, down 13.0%, and Bitcoin, down 9.1%. Outside of crypto, the worst losses were in palladium, down 2.8%, and silver, off 2.1%.
The strongest national currency was the US Dollar, which advanced 3.5%. The Chinese Yuan was the weakest currency, and even it gained 1.6%. Long term treasury bonds and short term notes did much better than cash, rising 6.8% and 4.0% respectively. After weeks of relentless selling, this was a welcome relief rally for the currencies.
The only falling stock index was the Nikkei 225, which dropped 1.6%. The Dow Industrials rose 4.5%, while the Euro STOXX50 gained 2.8% and the S&P 500 rose 2.5%. Gold stocks were up slightly, advancing 0.9%.
The strongest commodities were crude oil, up 2.6% and copper, up 2.5%. Precious metals were mixed, with platinum up 1.5%, but palladium down 2.8% and silver off 2.1%
Click for PDF version