– All major asset classes (when cap-weighted) moved higher, led by US equities.
– It was a theme of Large cap strength last week, particularly for Large Cap Growth. Small caps actually declined, as did Energy stocks.
– Good week for developed mkts, but not emerging. China declined by more than 2%, as their attempt to normalize policy continues to weigh on equity prices.
– Lumber prices climbed another 10% to new all-time highs and are up nearly 250% over the last 12 months.
![World Wrap](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20210411-World-Wrap-pdf.png)