– Commodities and global equities bounced back, and the price of Treasury bonds fell. Commodities advanced 7% for the week.
– Styles and factors imply that last week was a pure risk on rally. Only Low Volatility, Healthcare, Utilities, and Staples declined.
– Emerging markets rallied 4.8% to push the year to date return back into positive territory.
– Broad rally across commodities, from precious metals to Energy, Lumber, and copper.
