Newsletter Week 9:

Indexes:
The S&P 500 was at 5,137.69 points on Friday evening, with a growth rate of 0.88 per cent
over the last 5 days. The Dow Jones stood at 39,188.66 points on Friday evening, with a five-
day growth rate of -0.02 per cent. The Nasdaq Composite was at 16,300.1 points, up 1.78
per cent for the week.
The S&P 500 and Nasdaq gains are due to the AI hype, boosted by the positive forecasts for
chip developer Nvidia in week 8 of the year, which also had a bullish effect on AMD.

Commodities:
On Friday, the price of gold rose by $36.9 to $2,091.6. While WTI oil was at $79.81 and rose
by 1.98%. Analysts at Citi have made forecasts of $3,000 for gold and $100 for oil for 2025.
Reasons for the sharp rise could be large buying of gold by the CB, possible stagflation or a
deep global recession.
The reasons for cracking the $100 mark could be higher geopolitical risks, deeper OPEC+ cuts
and supply disruptions from key oil producing regions.

Crypto Market:
The Bitcoin price reached $61,846.5 on Friday. February 2025 was the strongest price gain in
a month for Bitcoin. The cryptocurrency gained almost $20,000 in February and added
$390B to the market cap.
Reasons for this sharp rise are the high interest of investment companies such as Blackrock
in BTC spot ETFs and on the side, the month has always been a very strong month for the
currency.
The price of Ethereum was at $3,422.04 on Friday, following February's growth spurt and
increased by 7.67%.

Bonds:
The yield of the US 2-YR stood at 4.533 at the end of Friday and fell by -0.113. Meanwhile,
the yield of the US 10-YR stood at 4.186 and dropped by -0.066.

Flow Traders Investment Competition

For the eighth consecutive week Floryn Traders maintains its leader position in our Flow Traders Investment Competition! With five more months to go, let's see if they can keep up the good work. It has also been a great week for Nova Capital, they went up 9 spots in the ranking with a total return now of 46.60%! However, as every week, it isn't all good news. Zilvervloot Investeerders has lost 13 spots and INVICTI has lost 16 spots. Let's hope they do better next week...