– U.S. stocks rose; REITs led as yields eased. Oil fell a third straight week, leaving commodities mixed; non-U.S. equities were little changed.
– Tech & communication services outperformed; real estate rebounded on lower rates. Energy lagged and banks flickered on credit-risk headlines.
– Overseas, Europe eked a small weekly gain while EM appetite cooled on outflows; China property strains kept country moves mixed.
– Yields slipped, lifting Treasuries and core credit; gold stayed hot as the dollar softened, while oil logged a third weekly loss.

– Risk-off week: U.S. & intl stocks fell on renewed U.S.–China tariff threats; REITs lagged; core bonds near flat; broad commodities mixed.
– Defensives led: utilities & staples eked gains, while energy and real estate sank; tech slipped as China-trade headlines hit growth.
– Overseas equities fell; Europe/China-sensitive markets lagged, Japan’s early pop faded as the late-week selloff hit globally.
– Rates whipsawed; Treasuries roughly flat, credit softer; dollar jumped while gold hovered near records and oil slid toward 2025 lows.