– For the second week in a row, risk assets bounced across the board, as Treasury prices declined slightly.
– Four of 11 sectors are now positive ytd, but the tail on returns is a wide one. Avg positive ytd sector is up 2.6%, and the avg decliner is down 15.9%.
– Broad rally for international equities last week with 41 of 45 countries moving higher by an average of 5.1%.
– The Fed bought $1.3 billion across 15 ETFs in the first week of operation of its corporate bond support facility.