– Prices on all key global asset classes fell during the week. US Stocks and Real Estate were hardest hit.
– All sectors, styles, and factors declined. Large Cap Growth, driven by Tech stock performance, fared best.
– Emerging markets held up well in a down week – led by India, China, and Taiwan.
– Gold shot to another new all time high, and the US dollar was up a whopping 1.7% – surging to the highest level since November.

– Commodities rallied, but they were the exception. Global equites and fixed income declined.
– Momentum and Energy stocks were a safe haven in week where declines were pervasive.
– Emerging markets climbed on strength in China, India, and Mexico.
– Gold spiked to another all-time high, and Oil prices climbed above $87 per barrel.

– Commodities and US Equities are running neck and neck for best performing asset class in 2024.
– Momentum led other factors by a long shot in Q1 2024. Small caps continue to struggle, and Energy stocks are outpacing Tech stocks.
– Intl equities are up, but lagging. China declined, but avoided a new low. Should China’s poor performance persist, it will be the 4th straight yr of declines.
– Mostly declines in global fixed income for the quarter. US High Yield and Treasury bills are the only two sectors with positive returns ytd.

– 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.