– Global equities rallied, led by US stocks. Commodities declined.
– Broad rally among styles, factors, and sectors. Momentum and Growth were the biggest winners.
– Two out of every three countries we follow advanced, but emerging markets lagged on declines in Chinese equities.
– The US Dollar and prices on US Treasuries finished the week higher on a dovish sounding Fed.

– Commodities rallied, while Global stocks and bonds declined.
– In a down week, 5 of 11 sectors managed to advance, led by a 3.8% advance in Energy stocks.
– Emerging markets were flat, buoyed by a 3.3% move higher in China.
– Both Crude oil and 2Yr Treasury yields climbed to higher highs last week, in a clear sign that inflation concerns are coming to the forefront again.