With only one day left to go, let’s take a look at the best and worst performers in each asset class over the year. Were there any exceptions and/or surprises that might catch your eye?
Here’s a look at the major currency space with the dollar as the benchmark:
- GBP -1.4%
- CNY -2.8%
- EUR -5.7%
- CHF -7.3%
- CAD -8.3%
- AUD -8.7%
- JPY -10.8%
- NZD -10.9%
Upshot: The dollar is king of the hill, and the US economy is holding up better than its peers. Trump’s election win and a hawkish Fed going into the year definitely helped significantly as well. 👑
And here’s a look at the major indices in Asia, Europe and the US:
- Nasdaq +29.8%
- S&P 500 +23.8%
- Nikkei +19.2%
- DAX +18.9%
- Hang Seng +17.7%
- CSI 300 +17.3%
- Shanghai Composite +14.3%
- IBEX +14.2%
- Dow Jones +13.0%
- FTSE MIB +12.6%
- Russell 2000 +10.7%
- UK FTSE +5.0%
- CAC 40 -3.0%
Upshot: Tech stocks dominated the scene, with Nvidia being the biggest bearer, and that spilled over elsewhere. French stocks are the worst in the group amid political troubles as the Paris Olympics are also not enough to boost the economy. 🤖
And here’s a look at some other major asset classes of interest:
- cocoa +187.3%
- Bitcoin +118.3%
- Spot natural gas +66.9%
- Ethereum +46.0%
- Gold +26.4%
- Silver +21.4%
- copper +5.1%
- WTI crude oil +0.4%
- Brent crude oil -3.2%
- platinum -9.5%
- soy -23.0%
Upshot: Bitcoin’s rise to six figures is the one that will get attention, but gold prices that have been rising for ten months of the year are certainly worth mentioning. Will we see more of the same next year? 🚀