– Stocks and bonds were flat, and commodities experienced a broad decline.
– Sectors were mixed, but small cap stocks were strong across the board, rallying more than 1%.
– China fell more than 3.5% setting a new 52 week low. This coming February will mark three years since the bull market peak in China.
– Crude oil is down more than 25% off its September peak, falling below $70bbl last week.

– Bonds outperformed stocks last week, and commodities declined on falling oil prices.
– Interest rate sensitive sectors and factors outperformed – big bounce in small cap stocks.
– The median country outperformed the cap-weighted international indices. China held back emerging market indices.
– Broad rally across fixed income sectors, and the price of Gold set a new all time high.