– US Financial assets climbed. International stocks were flat, and Commodities declined.
– Narrow advance last week as Large Cap stocks drove cap-weighted indices higher. All styles of Mid and Small Caps closed the week in the red.
– European stocks, both developed and emergin, are dominating global equity markets thus far in 2023, closing higher again last week.
– Long duration Treasuries rallied, and the yield curve inversion hit new lows. 2023’s inversion is close to taking the title for the 2nd largest inversion in over 100 years.

– Global equities, Treasuries, and Commodities all finished the week lower.
– Interest rate sensitive sectors Utilities, Real Estate and Financials experienced strong one week rallies.
– Emerging markets declined 2%, led by a 2.4% decline in Chinese equities.
– Bitcoin corrected more than 10% last week but is still up more than 60% year to date.