– Global equities and Commodities climbed, while Fixed Income and interest rate-sensitive assets declined.
– Seven of 11 sectors advanced. Large Growth outperformed, but Value was better for Small and Mid-Cap stocks.
– Emerging markets outperformed, driven by a 6.8% one week increase in China equities.
– The Federal Reserve increased the Fed Funds Rate to 5.5% – the highest level since February 2001.

– Another strong week for commodities and a mixed week for global equities and fixed income.
– A week of sector rotation – 2023’s best performers were down 1.8%, while the remaining sectors climbed 1.9%.
– Emerging markets slid – led by a 2.7% drop in China’s equity market.
– Is inflation re-accelerating? Broad commodity indices made their first higher high since the bear market started.

– Global financial assets rallied across the board last week over enthusiasm from better than expected CPI data.
– All sectors, styles, and factors advanced. Small Cap stocks had a slight edge over big cap stocks last week.
– International equities outperformed with 42 of 44 countries moving higher.
– The US Dollar fell sharply setting a new 52 week low, and commodity prices climbed.