The week 10.08. – 14.08.2020

The overall picture has not changed compared to last week. The market is divided into two extremes in terms of sentiment. The positioning of market participants has remained the same between a final recovery and a final collapse. Gold (-3.11%) recovered somewhat after a short but sharp decline, while the S&P500 (+0.5%) posted a modest rise. The weekly winner was US T-bonds with a gain of 27.98%.