– Global equities snapped back with a rebound rally, while prices on US Treasuries fell.
– Tech and Large Cap Growth had strong performance. It’s still a narrow bull – the S&P 500 is outperforming all but 2 of 9 style boxes.
– Impressive move out of Asia – China and Hong Kong were up 8.2 and 9.5% for the week.
– Yields on the US 10Yr Treasury climbed as high as 4.7%, levels not seen since last November.

– All major asset classes fell with US Equities and Real Estate again being the worst performers.
– Financials, Staples, and Utilities climbed. Meanwhile, the Tech’s behavior as a safe-haven the week prior proved short lived. The Tech sector slid more than 7%.
– Thirty-nine of the 45 countries we track declined. The Asia region was hardest hit.
– Gold climbed, and Copper surged to a 52 week high. Global Fixed Income and Bitcoin struggled.