– Commodities rallied – US Stocks advanced modestly – and International stocks and prices on US Treasuries declined.
– Mixed week for sectors and styles with 6 of 11 sectors advancing. Energy stocks shot higher, climbing 7%.
– More than 3 out of 4 countries declined last week, but emerging markets managed a positive week with help from a 11.5% rally in China.
– Stronger than expected jobs report sent Treasury yields higher, tempering expectations for additional rate cuts.

– Global financial assets rallied during the third quarter, with real estate and international equities leading the way. Commodities declined on lower oil prices.
– Q3 was good for unloved areas of the mkt. Small caps and value stocks outperformed. Utilities rallied 19.4% to become 2024’s best-performing sector.
– Emerging markets outperformed on strength from China. Its equity market climbed almost 24%, with most gains made in the last week of the quarter.
– Gold prices bounced 12.9%, continuing a steady pace of new all-time highs throughout the quarter.

– A 50bp rate cut from the Fed drove global equities and commodities higher, but Treasuries and real estate declined. The Dow S&P 500 set new all-time highs.
– Eight of eleven sectors advanced – Healthcare, Staples, and Real Estate sectors declined.
– Emerging markets outperformed on a sharp rebound in Chinese equities.
– Gold prices climbed to another new all-time high. Bitcoin rallied but fell shy of breaking above its August high.

– Broad rally among all major asset classes – fixed income, equites, and commodities.
– NVDA rebound drove Tech sector higher by more than 7%. Energy was the only sector to decline this week.
– Emerging markets underperformed as weakness in China has weighed on the indices for all of Q3.
– Federal Reserve is set to reduce interest rates this week – markets are torn between a 25bps and 50bps cut. Gold made a new all time high.