– US stocks lagged foreign markets. Energy and REITs gained, while a sharp selloff in technology weighed on broader markets.
– Defensives led. Health care, energy and low volatility gained, while growth, momentum, technology and consumer discretionary fell.
– Developed markets beat EM. Korea pulled back after its AI-fueled surge, while Indonesia and Peru lagged and Colombia gained.
– Bonds fell as yields rose after strong jobs data. Oil climbed, precious metals dropped and the dollar strengthened.

– US and foreign stocks rose as AI optimism and Middle East peace hopes lifted risk assets. REITs lagged, while oil hit broad commodities.
– Growth and technology led again as AI spending mania spread. Defensives and energy lagged as oil slid and the rally narrowed.
– Korea, Peru and Taiwan led abroad as risk appetite broadened. China, Hong Kong and Turkey were notable exceptions to the rally.
– Treasuries firmed as yields fell. Oil’s plunge dragged commodities lower, gold bounced late, and the dollar was little changed.