– For the third week in a row, all asset classes moved higher. Real Estate was the big winner, up more than 3%.
– The tug of war between growth and value favored growth for the week, as value stocks lagged.
– Peruvian stocks dropped 12.4% after socialist labor leader Pedro Castillo won Peru’s presidency.
– Lumber prices declined a whopping 17.5% last week and is now down more than 37% from the all-time high in May, assuaging some inflation concerns.
![World Wrap](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20210612-World-Wrap-pdf.png)