– Global financial assets and commodities rallied, while yields on U.S. Treasuries moved higher.
– The rally broadened last week, with mid- and small-cap stocks outperforming.
– International markets underperformed, weighed down by declines in Germany and Japan.
– All major commodity sectors advanced, and the U.S. dollar fell to a three-year low.

– Global equities reached new highs this week, rallying as concerns about the Israel–Iran conflict subsided.
– All styles and factors advanced, led by momentum and growth stocks. The Energy and Real Estate sectors were the only decliners.
– It was a broad global rally, with only Argentina, Denmark, and Norway finishing the week lower among international equities.
– Crude oil fell more than 10% on news of a ceasefire between Israel and Iran. The U.S. dollar declined more than 1%, hitting a three-year low.