– US stocks rose 1% and international shares gained 2%, while REITs and Treasuries fell as AI earnings beat rising yields and commodities slid.
– Consumer discretionary soared 8% on Amazon, while high dividend led factors and momentum and transports buckled in a sharp rotation.
– Emerging and developed markets rose about 2%. Colombia jumped 9%, while Korea’s historic chip rebound capped a whipsaw week.
– Long Treasuries fell as the 30-year yield hit a 19-year high. International bonds rallied with a weaker dollar, while oil and gas slid.

– U.S. stocks fell 0.6% as international shares and REITs gained. Oil’s 9% surge lifted commodities, while long Treasuries sank.
– Energy and utilities led as oil and yields rose. Disappointing Alphabet and Tesla results crushed communication services and discretionary.
– Emerging markets gained 0.5%. Oil-rich Nigeria and Colombia led, Taiwan rose, while India and Indonesia lagged amid inflation concerns.
– Oil jumped 9.3% as U.S.-Iran attacks restricted Hormuz traffic. Silver and gold rose, the dollar gained, and long Treasuries lost 1.5%.