– US Equities and Commodities declined. Foreign stocks and prices on US Treasuries moved higher.
– Value stocks were hit hardest led by a 5.8% decline in Energy stocks. Technology stocks still managed to have a positive return.
– The Fed increased rates by 0.25 percent last week, it’s the 10th increase in the rate by the Fed in a little over a year.
– Yield Curve inversion worsened, becoming the second most severe inversion in over a century.

– US Financial assets climbed. International stocks were flat, and Commodities declined.
– Narrow advance last week as Large Cap stocks drove cap-weighted indices higher. All styles of Mid and Small Caps closed the week in the red.
– European stocks, both developed and emergin, are dominating global equity markets thus far in 2023, closing higher again last week.
– Long duration Treasuries rallied, and the yield curve inversion hit new lows. 2023’s inversion is close to taking the title for the 2nd largest inversion in over 100 years.

– Global equities, Treasuries, and Commodities all finished the week lower.
– Interest rate sensitive sectors Utilities, Real Estate and Financials experienced strong one week rallies.
– Emerging markets declined 2%, led by a 2.4% decline in Chinese equities.
– Bitcoin corrected more than 10% last week but is still up more than 60% year to date.

– International equities and Commodities outperformed. Commodities are on the cusp of positive returns for 2023.
– Sectors were mixed with declines in interest rate-sensitive sectors like Utilities and Real Estate. Technology stocks also declined.
– Developed Europe is the best-performing region in the world, driving international equities to outperformance.
– An inflationary week with strong performance from Commodities as US Treasuries and the US Dollar struggled.