– Global stocks rallied, led by a strong snap back for US equities, but the fear of missing out was absent from international equities.
– Growth and Tech stocks outperformed while Energy stocks lagged considerably for the week.
– Developed markets closed in the green, but emerging equities were down slightly.
– The dollar gave up some gains, and fixed income markets declined with the notable exception of a rally in high yield corporate bonds.

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– All major asset classes declined for the week. Commodities were hit hardest on a 6.6% decline in oil.
– No safe havens as every style, sector, and factor struggled.
– International declines were broad with only 5 of 44 countries moving higher. Germany was one of the five.
– Another strong week for the US Dollar as it rallied to a new 20 year high. The Euro closed below parity with the dollar again, falling to a new 15yr low.