Weekly Update 23 Dec 2022



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Summary: This week and next week are short trading weeks with generally low volumes as traders take time off for Christmas and New Years holidays. Cryptocurrencies rose, bonds moved lower, and other asset classes were mixed. The largest drops were in long bonds, down 5.1%, and palladium, off 2.6%. The best performers were crude oil, up 6.6%, coffee, up 4.3%, followed by Ethereum and gold stocks, which each added 4.0%. USD cash fell 0.5% while the Japanese Yen rose 2.4% on interest rate hikes from the Bank of Japan. Best wishes for the holiday season and the coming new year!