– Global financial assets rebounded sharply during the first week of November. Commodities sold off on lower oil prices.
– A sea of green – every style, factor and sector climbed. Small cap value was the biggest winner, rallying almost 9%.
– Internationally, 43 of 44 countries that we monitor advanced. Mexico is having a good year – up 9.3% last week and up more than 21% year-to-date.
– Yields fell globally after Powell’s press conference and a weaker than expected jobs report as markets again bet that the Fed is done.