– US Equities and Commodities rallied. They are also the only two major asset classes with positive year-to-date returns.
– All style boxes advanced, but smaller cap stocks and value stocks underperformed. Growth and Tech outperformed.
– International equities were flat, with slightly more than half of countries advancing. More than 60% of countries are down year-to-date.
– US Treasuries declined, and breakevens on US TIPS are starting to signal a rebound in the rate of inflation.

– Prices on US Equities and Treasuries advanced. Foreign equities were flat, and commodities declined.
– The further up the Capitalization and Growth scales, the better the stock did. The smaller and cheaper, the worse stocks fared.
– China declined nearly 4%. China’s stock market is roughly half the value it was nearly 17 years ago, when the globalization era peaked.
– Sharp weekly drop in crude oil prices hurt Commodity indices. US Treasuries and the Dollar rallied.