– Global equities sank, and commodities bounced. April was the worst month for NASDAQ since 2008.
– Nowhere to hide in US Equities last week as all factors, styles, and sectors declined.
– A 5.1% bounce in China kept Emerging market indices flat, offsetting declines elsewhere.
– The dollar moved sharply higher by 1.7% and is now up more than 7% year to date.