– Global stocks advanced on the shortened holiday week. Commodities were off modestly on another weekly decline in crude oil prices.
– All sectors, styles, and factors moved higher. Unlike the prior week, small caps and value stocks lagged.
– Developed markets outperformed. China was up 1.3%, helping mask a challenging week for Emerging market equities.
– Precious Metals and Bitcoin experienced good performance. Prices on longer duration Treasuries were off slightly.

– Global stocks and bonds were up across the board. Commodities were mixed – gains in metals offset falling crude oil.
– Broad based rally among sectors, styles, and factors. Value stocks and small cap stocks were outperformers.
– Both developed and emerging markets outperformed US stocks last week. 41 of 45 countries we track rallied.
– The dollar sold off, and precious metals rallied alongside prices in US Treasuries.

– Global stocks and fixed income were mixed for the week. Commodity prices declined.
– Large Cap, particularly Large Cap Growth, was the only row in the style box to advance, driven by the strength of Tech stocks.
– Develop markets fell, but Emerging markets were flat on strength in India, Taiwan, and Brazil
– Bitcoin climbed more than 7%, and crude oil prices have fallen to the lowest level since July.