– AI-led U.S. stocks and emerging markets rose, while developed markets lagged. Rising yields hit Treasuries and REITs as oil and gold fell.
– AI enthusiasm lifted technology, momentum and growth, while falling oil hurt energy and higher yields weighed on utilities and dividend stocks.
– Korea surged on chip demand, lifting Asian emerging markets. Indonesia and Denmark slumped, while developed Europe was nearly flat.
– Long Treasuries, munis and global credit fell as inflation and Fed hike bets drove yields higher. Oil and gold slipped, while the dollar rose.


