– U.S. equities declined while other key global asset classes climbed. International equities outperformed U.S. stocks by more than 5% last week.
– Large-cap stocks, technology, and consumer discretionary sectors were the focus of selling, dragging the cap-weighted U.S. indices lower.
– Developed markets rallied more than 4%, with Europe accounting for 8 of the 10 best-performing countries year-to-date.
– The U.S. dollar sank to a three-year low, falling below 100. Gold hit new all-time highs, crossing above $3,330 per ounce.

– After an especially volatile week driven by tweets and tariff headlines, US stocks finished sharply higher, while US Treasuries and Intl stocks declined.
– Momentum, technology, and large-cap growth stocks outperformed and helped drive the major indices higher.
– Developed markets ended the week higher, but falling prices in Asia weighed on broader international indices and emerging markets.
– Early signs of distress in fixed income: US Treasuries fell, sending rates higher. Gold spiked 7%, topping $3,200/oz for the first time.