– Stocks slid globally as oil surged and inflation fears resurfaced – equities struggled while commodities stood out as the week’s clear winner.
– Growth stocks held up better than value while small caps lagged – energy led on rising crude as defensive sectors and materials trailed.
– Abroad, emerging markets and Europe were weak, with South Korea among the biggest laggards as tech-heavy markets struggled.
– Bonds fell as yields climbed – long Treasuries and global debt lagged, the dollar strengthened, oil surged, and gold failed to rally.

– Risk-off week – US stocks slipped as Treasuries rallied – gold and oil firmed on Iran tension, with REITs and overseas equities modestly higher.
– Defensives led – utilities, staples, and health care gained as tech and banks dragged on AI disruption and credit jitters – energy and materials held up.
– Outside the US, returns were positive – Asia led (Japan, Korea, Taiwan) on chip demand, while Europe stayed steady and EM eked out gains.
– Bonds caught a bid – core and munis up as yields fell, while credit lagged and high yield dipped – gold and silver surged, oil rose, gas slid, dollar softer.