– Intl stocks led while US equities dipped; Treasuries steady as Fed-independence noise pushed yields around – metals and REITs were the bright spots
– Small caps and defensives led as investors rotated away from financials and discretionary; chip-driven AI optimism helped cap the week’s pullback.
– Japan ripped higher on stimulus-election chatter; Korea and Taiwan gained on tech strength, while China and Hong Kong lagged amid tighter trading rules.
– Bonds eked out gains across core, credit, munis and high yield; the dollar firmed – silver and gold surged, oil held gains, and natural gas slipped.

-US stocks hit fresh highs as investors shrugged off headline risk. Commodities shined on firmer oil and a surge in precious metals while bonds stayed calm.
-Under the hood, it was a rotation week – small caps and cyclicals led as defensives lagged and big tech cooled after a strong run.
-Developed and emerging markets dvanced. Europe rode a tech bid while Japan and parts of Asia benefited from currency weakness and AI-linked strength.
-Credit held firm and munis led as yields eased. The dollar strengthened while oil and gold rose on geopolitical and safe-haven demand.

– US stocks climbed on AI earnings and late-year Fed cuts – but a softer dollar and catch-up rallies had foreign stocks leading, with metals stealing the show in 2025.
– US leadership stayed growthy – tech and communication plus momentum beat value and defensives, while small caps lagged until rate-cut hopes broadened.
– International breadth was the story – Korea and Brazil ripped, Europe surprised, China rebounded – helped by USD weakness and rotation to cheaper markets.
– Credit carry beat duration – IG and high yield outpaced Treasuries, the dollar slid, gold/silver/copper surged, and oil lagged on ample supply.

– US Equities rebounded late to end flat as cooler inflation data offset early tech volatility, while Treasuries gained on rising 2026 rate-cut expectations.
– Tech and Growth factors lagged early due to AI valuation fatigue but recovered Friday, while defensive sectors like Healthcare and Utilities outperformed.
– International stocks were mixed; Europe rose on UK rate cuts, but Japan fell over 2.6% for the week as the BOJ hiked rates to 0.75% and bond yields hit 20y highs.
– The US Dollar rose slightly as Treasuries yields fell, while Commodities dipped due to natural gas and agriculture weakness despite a surge in gold and copper.