Brief archive

Ethereum fell 6.63% and Semiconductors fell 4.46% in the week to October 9, which leaves crypto and chip stocks testing whether the crowded AI trade is unwinding.

Semiconductors rose 4.18% this week even as 30-year Treasury yields climbed to a one-year high, which leaves chip stocks exposed if rates keep rising.

WTI Crude rose 8.44% on the week to $100.05 a barrel after a confirmed Gulf supply disruption, and short-term Treasury yields followed it to a one-year high.

Energy was the week's cross-asset mover: WTI ran +8.02% to $91.48 and Brent +7.80%, while 10-year inflation compensation lifted only 4bp to 2.35%.

The week's biggest change was the reversal in real assets: gold -4.59%, silver -4.44% and miners -4.16% while the dollar index gained 0.85%.

Crypto was the week's biggest cross-asset move: ether rose 28.70% and bitcoin 22.70%, while gold added 5.22% and semiconductors fell 5.61%.

Oil was the week's biggest cross-asset move: Brent rose 5.94% to $88.52 and WTI 5.08%, rebuilding the energy premium that July's cooler CPI had just relieved.

Precious metals were the week's dominant cross-asset move: gold miners +20.97%, silver +12.20% and gold +7.67%, with semiconductors +9.85% alongside them.

The week's biggest cross-asset move was USD/JPY, down 3.78% to 157.40 after a hawkish Bank of Japan hold and apparent intervention.

Oil jumped 10.95% while the S&P 500 fell 1.19%, keeping inflation risk live.

Saturday, July 18, 2026 · Week in review and the proof path ahead

The week raised near-term energy and inflation risk without confirming a durable oil shortage.