U.S. Treasury yields kept moving up this week. Even after the Treasury tried to calm the market, the 30‑year rate ended at 5.28% and the 10‑year at 4.74%.
The move caused a mix of reactions across assets. Stocks closed the week down, precious metals went up, and crypto finally woke up.
This week’s highlights:
- Crypto climbs
- Seasonality charts refreshed
- What’s coming next
Crypto Climbs
Bitcoin surged about 24% in the past seven days, a jump we haven’t seen in years. It is also up roughly the same amount for the whole month, making the seasonal picture very interesting.
Historically, August and September have been weak for Bitcoin. In the last 13 years, Bitcoin finished higher only 31% of the time in August and 42% in September, with average returns of –0.44% and –3.99%.
This August, Bitcoin broke the trend and rose sharply. There is still a little more than a week left in the month, so we will see if it can stay above its May highs.
Seasonality Charts Refreshed
Our Seasonality Charts have a fresh look. The colors are brighter, and the data goes back to 1980 for assets with a long history. This gives a deeper view of how stocks, indexes, ETFs, and other securities behave at different times of the year.
Exploring the charts is now easier. When you hover over a year at the top, that year’s line lights up. Clicking a year turns it on or off, so you can compare the periods you care about.
You can also apply Seasonality Charts to your saved ChartLists, making it quick to spot seasonal patterns in the securities you follow.
One more upgrade: your chart settings stay saved when you bookmark or share a link.
If you haven’t tried the new Seasonality Charts yet, the weekend is a good time to explore them.
What’s Coming Next Week
Next week may bring several market movers. Kevin Warsh will speak at the Jackson Hole Symposium, and the Core PCE inflation report for July will be released.
NVIDIA’s earnings are also on the calendar. Investors will likely listen closely for clues about the health of the AI industry. Check our earnings preview before the report drops.
Have a great weekend!
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