– Global equities and fixed income declined in the second quarter. Commodities moved higher by 2% on the strength of crude oil.
– All sectors styles and factors declined in the second quarter. Energy was strong up until June, when the sector crashed by more than 22%.
– China shrugged off global market weakness and advanced more than 3% during the quarter. It was one of only two countries to see higher stock prices in Q2.
– Crude oil rallied 10% during the quarter – the Dollar was up 6.5% – and Bitcoin plunged by nearly 60%.

– Strong bounce in Global Equities and US Treasuries as commodities sold off.
– Energy closed the week in the red. All other sectors, styles, and factors advanced.
– Despite strong performance from China, the emerging markets rally was weak, lagging developed markets.
– Broad commodity indices were weak, but oil prices only declined by 0.3%.