– Global equities advanced, while commodities and the U.S. dollar sold off.
– All U.S. styles and factors posted gains, with 10 of 11 sectors moving higher – Consumer Staples were unchanged.
– Developed markets outperformed, driven by a 5% rebound in Japan. Emerging markets lagged despite strength in Chinese equities.
– Natural gas prices declined more than 12% – contributing to broad weakness across commodities.

– It was a relatively uneventful week with modest moves across global financial markets.
– Six of the nine style boxes declined, though Large Cap Growth stocks led the market higher.
– Emerging markets outperformed, fueled by rallies of over 3% in China and Taiwan.
– The 30-year yield climbed back above 5%. Broad commodities were flat, but the Ag sector showed strength. Spot prices for feeder cattle hit all-time highs.