– US equities were flat to modestly down, international equities underperformed, treasuries gave back gains, REITs held up, and commodities (led by gold) saw small upside.
– Within US factors/sectors, defensives and energy outpaced growth and tech amid mixed data and shifting rate expectations.
– EM and international markets broadly lagged, with China and select frontier markets under more pressure while parts of Europe held up.
– US/intl bonds were slightly weaker, gold gained, oil was muted, and the dollar bounced as strong macro data weighed on cut odds.

– US equities led gains as the Fed cut rates, intl equities were flat to slightly down, Treasuries weakened, REITs underperformed, commodities mixed.
– Growth-and tech-oriented sectors outperformed amid rate cut optimism, while defensive sectors like staples/utilities lagged; small caps also gained.
– Emerging markets edged out developed non-US markets; Asia/EM posted modest gains while Europe was weighed down by mixed central bank signals.
– US fixed income fell after rate cut stoked inflation concerns, the dollar strengthened, gold rose, other commodities were mostly flat.