– Global markets stayed defensive – equities fell, Treasuries and REITs sagged, while commodities held up as oil’s shock drowned out ceasefire hopes.
– Energy and other value pockets held up best, while tech and consumer names kept growth under pressure as pricier oil hit rate-cut hopes.
– Intl markets split – Canada held up on resource strength, Europe eked out gains, while oil-sensitive importers like India stayed pressured and Korea whipsawed.
– Treasuries, credit and overseas bonds weakened as yields rose, the dollar firmed and oil led commodities – gold slipped despite the risk-off tone.

– Equities slid while commodities surged – oil shock from Iran hit Treasuries and REITs, and inflation fears favored harder-asset exposure.
– Energy led and small caps lagged – banks, industrials and discretionary sank as pricier oil, slower growth fears and credit jitters hit cyclicals.
– India was hit hardest, while exporters and energy-linked markets held up better – higher oil punished importers and stirred rate fears across Asia and Europe.
– Oil and the dollar jumped while gold, metals and most bonds fell – inflation repricing hurt high yield and rate-sensitive debt as yields climbed.