Weekly Analysis: MSCI Japan Sets the Tone for the Week (+2.5%) · August 31 – September 4, 2026
Photo: Rafael Minguet Delgado / Pexels
The trading week of August 31 – September 4, 2026 in review: 69 of 94 tracked assets (73%) finished the week higher, with the major equity indices moving +0.2% on average over the week. The analysis covers equities and benchmark indices first, then crypto, commodities, FX and collectibles.
What Stands Out
Measured against our own history, nothing stood out this week: no benchmark index moved as much as it had in the past six months, and the count of new 52-week highs and lows stayed within the range of recent weeks.
Rule: a benchmark index is listed when its weekly change (Friday to Friday) is its largest in that direction for at least 26 weeks. The count of new 52-week highs or lows appears when it is the highest of the last 13 weeks and at least 5. Based on closing prices in our own database.
Weekly Barometer
Weekly change = weekend close versus roughly five trading days earlier.
Indices Over the Week
Stocks: Weekly Gainers & Losers
Gainers
| Name | Price | Change |
|---|---|---|
| IREN IREN | $44.68 | +26.04% |
| CNH Industrial N.V. CNH | $14.40 | +23.29% |
| Bloom Energy Corporation Class A BE | $252.87 | +19.97% |
| Sandisk Corporation SNDK | $1,740.00 | +17.17% |
| Robinhood Markets Inc. Class A HOOD | $122.11 | +17.12% |
| Circle Internet Group Inc. Class A CRCL | $102.05 | +17.11% |
| Dell Technologies Inc. Class C DELL | $524.14 | +14.88% |
| FMC Corp. FMC | $12.97 | +14.47% |
Losers
| Name | Price | Change |
|---|---|---|
| Credo Technology Group Holding Ltd. CRDO | $170.57 | -26.72% |
| Guidewire Software, Inc. GWRE | $162.42 | -21.10% |
| Fair Isaac Corporation FICO | $932.26 | -19.18% |
| Edison International EIX | $56.77 | -19.10% |
| MongoDB Inc. Class A MDB | $368.74 | -17.44% |
| lululemon athletica inc. LULU | $100.61 | -16.72% |
| Autodesk Inc. ADSK | $217.90 | -16.40% |
| UiPath Inc. Class A PATH | $15.19 | -16.31% |
From the US stocks Alysly charts. Weekly swings in single names can be far larger than those of the indices.
Crypto, Commodities and FX
Crypto moved +5.8% on average for the week, led by Arbitrum (+56.5%). Precious metals came in at -1.8%, energy and industrial commodities at +6.3%.
Crypto: Weekly Gainers & Losers
Gainers
Arbitrum
ZEC
Uniswap
NEAR
PYTH
Filecoin
BABY
PUMP
TRON
TAO
MAGIC
PAXGCommodities & Metals Over the Week
| Name | Price | Change |
|---|---|---|
| Gold | 4,476.60 | -1.18% |
| Silver | 66.7480 | -1.53% |
| Platinum | 1,840.28 | -1.53% |
| Palladium | 1,403.90 | -2.97% |
| WTI crude | 87.2790 | +9.69% |
| Brent crude | 90.5177 | +9.28% |
| Gasoline | 3.0037 | +5.39% |
| Heating oil | 4.3405 | +6.85% |
| Copper | 6.6825 | +0.35% |
FX Over the Week
| Pair | Price | Change |
|---|---|---|
  EUR/USD | 1.1655 | +0.23% |
 GBP/USD | 1.3516 | -0.12% |
 USD/JPY | 155.02 | -2.40% |
 AUD/USD | 0.7192 | +0.64% |
 USD/CAD | 1.3776 | -0.46% |
 USD/CHF | 0.8013 | +0.15% |
Real Assets: The Week's Hammer Prices
The week produced 275 new hammer prices. Real assets are not quoted continuously. Trading happens when a lot is called. What follows is therefore not a weekly return but the sum of what actually changed hands.
| Asset class | Records | Median | Highest hammer price | Price |
|---|---|---|---|---|
| Trading cards | 258 | $5,580 | Entei #6 · Neo Revelation 1st Edition (2001) Sep 28, 2026 | $312,000 |
| Classic cars | 14 | $106,715 | Porsche 911 Turbo (964) · 1991–1994 Sep 15, 2026 | $480,964 |
| Watches | 3 | $24,423 | Rolex GMT-Master 1675 · 1959–1980 Sep 17, 2026 | $26,051 |
The trading-card price index stands at 621.0 (as of September 28, 2026), +243.1% against a year ago. It measures price changes of the same good, unlike a median, which is made up of different items every week.
Residential property has no weekly figure: the latest official reading is from July 1, 2026, 65 days before this review. United States (Case-Shiller) +2.3% year on year. Germany +0.6% year on year. Euro area +3.8% year on year.
Cross-Asset Correlations
| Pair | r | −1 … +1 |
|---|---|---|
| S&P 500 ↔ Bitcoin | +0.34 | |
| S&P 500 ↔ Gold | +0.45 | |
| Gold ↔ Crude oil (WTI) | -0.27 | |
| EUR/USD ↔ Gold | +0.59 |
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