– A sea of red for all asset class returns for a second straight week after the Fed raised rates by another 75bps.
– All sectors, styles, and factors declined. Energy stocks were the worst performing sector, declining 9%.
– Brazil and Egypt were the only two countries with stock markets advancing.
– Bull market in the US Dollar continues – the dollar was up whopping 3% for the week and has climbed more than 20% in the last 12 months.

– Financial markets were a sea of red this week with all asset classes declining.
– All sectors, styles, and factors declined. Dow Transports declined more than 8%.
– Middle Eastern equities and Italy were the only two international equity markets to see higher prices.
– The US dollar rallied, as did silver prices. Non-commercial futures positioning in silver is net short for the first time since 2019.