– It was a good week for international equities and commodities but a bad one for bonds and rate sensitive stocks and sectors.
– Beaten down value stocks, Energy and Financial sectors had strong rallies.
– Like the US, the international rally broadened last week with several of the lagging countries seeing a sizeable bounce.
– Lumber prices jumped another 12% last week – they have doubled over the last year.
![World Wrap](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20200817-World-Wrap-pdf.png)