– REITs and Treasuries gained as easing Middle East tensions and lower yields offset weakness in stocks and commodities.
– Technology and large growth sold off as semiconductor enthusiasm cooled, while healthcare, REITs and small caps rallied.
– Asia led global declines as Korea, Taiwan and China fell on chip-sector weakness, while Germany proved resilient.
– Long Treasuries led bond gains as yields fell. Oil plunged on fading geopolitical fears while the dollar strengthened.

– US and foreign stocks rose while commodities sank as crude plunged, helping REITs rebound and offsetting a hawkish Fed backdrop.
– Growth and momentum led, but leadership broadened as materials, financials and industrials joined the rally.
– Korea surged nearly 20% and Taiwan rallied as AI enthusiasm lifted Asia, while commodity exporters like Norway lagged.
– Oil plunged while gold, silver and the dollar all gained as global bonds lagged U.S. fixed income sectors.