– US and global equities rallied on Fed rate cut optimism; treasuries were modestly higher and commodities climbed, with oil weaker and gold firmer.
– US growth and tech sectors led as core inflation steadied; cyclicals lagged, with real estate facing pressure from cautious longe term rate outlook and bond yields.
– International equities outperformed on upbeat earnings and ECB confidence, with Japan and Europe gaining on policy clarity and Asian stimulus hopes.
– US Treasuries and global bonds oscillated after strong auctions. Precious and industrial metals posted gains, while agricultural commodities ended the week lower.

– US Treasuries outperformed as slowing payroll growth and rising Fed rate cut odds offset mixed equity moves; commodities slipped despite early gains.
– Communication services surged led by mega-cap tech gains, while energy lagged; mixed jobs data and rate cut expectations drove divergence across style boxes.
– Developed international equities trailed as the euro declined and policy uncertainty mounted, while Japanese markets showed relative strength on earnings.
– US Treasuries rallied as yields fell on softer payroll and higher rate cut odds; commodities finished lower and the US dollar held steady in tight ranges.