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Summary: Stocks rose, cryptocurrencies fell, and other asset classes were mixed. Palladium was the best performing asset, rocketing 14.5% higher, followed by coffee, up 7.7%, and long term treasuries, up 4.0%. The largest losses were in Bitcoin, down 6.1%, the CCi30 crypto index, down 4.2%, and cotton, off 3.0%. The S&P 500 rose 1.3%, but was outdone by gold stocks, up 2.7%, and Japanese stocks, up 2.8%. The US Dollar finished the week down 1.2%, although most other national currencies managed small gains. More on Weekly Update 15 Dec 2023
