Merry Christmas to our MWM clients and all HAI readers. With holiday festivities fully ramped-up, HAI will just offer prices for this week. Best wishes for the happiest of holidays!
Weekly performance: The S&P 500 lost 0.20%. Gold was up 0.22%, silver gained 2.53%, platinum was higher by 2.96%, and palladium gained 1.49%. The HUI gold miners index added 4.43%. The IFRA iShares US Infrastructure ETF was up 1.22%. Energy commodities were volatile and mixed on the week. WTI crude oil gained 6.85%, while natural gas crashed 24.55%. The CRB Commodity Index was higher by 2.48%, while copper gained 1.33%. The Dow Jones US Specialty Real Estate Investment Trust Index was off 0.30% on the week, while the Vanguard Utilities ETF (VPU) was up 1.43%. The dollar was off 0.62% to close the week at 104.01. The yield on the 10-yr Treasury was up 27 bps, ending the week at 3.75%.
Have a wonderful weekend and a very merry Christmas!
Investment Strategist & Co-Portfolio Manager