– A quintessential example of a risk-off week. US Treasuries rallied while other risk assets sold off. Commodities were down 3.9%.
– Value held up better than growth. Consumer Staples closed up for the week – the only sector to do so.
– After solid performance for much of the last quarter, China was the second worst performing country last week (-7.9%) and was a drag on emerging markets.
– Natural gas prices rose 16.7% and have nearly doubled in 2022.

– Global equities climbed. Commodities, Treasuries, and interest rate sensitive assets like Real Estate declined.
– It was a strong weak for Large Cap growth & Tech stocks. Meanwhile – Value, Energy, & High yield stocks struggled.
– International equities advanced, but it wasn’t a broad move. Twenty-one of the 45 countries we track declined week over week.
– The US Dollar jumped 1.8% and is now up 11.5% year to date.