– Global stocks and commodities rallied. US Treasuries declined modestly for the week.
– The rally was broad among styles and factors, but value edged out growth on a 7.5% one-week gain in Energy stocks
– Chinese equities declined during a week of widespread strength in global equities. The country’s stock market has been moving to the beat of a different drum all year.
– Commodity prices snapped back. Lumber prices climbed 19% in a single week.
![World Wrap](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20220815-World-Wrap-pdf.png)