– A more traditional risk off week as global stocks and commodities declined while yields on global fixed income fell.
– Utilities was the only sector to move higher. Large Growth was the biggest style box underperformer.
– Emerging markets outperformed Developed markets with declines being mitigated by a 2.5% rebound in Chinese equities.
– Bitcoin rallied 14% amid continued speculation surrounding a possible Bitcoin spot ETF.

– A stagflationary performance week with Global stocks and bonds selling off, and Commodities rallying.
– Energy and Consumer Staples were the only safe havens. Five of nine style boxes closed out the week in red for the year.
– China sank to new bear market lows in US dollar terms. The country’s bear market is four months away from its third birthday.
– Yields on 10Yr Treasuries climbed to new highs, stopping just shy of 5%. It’s the highest level since the summer of 2007.