– Mixed performance from key asset classes. International stocks bounced, while US stocks were the worst performing asset class.
– US equities down week was concentrated in Tech and Large Caps. Seven of nine style boxes were up, as were seven of the 11 sectors.
– Broad advance in international markets with 80% of countries advancing. China rallied 3.7%.
– Stronger than expected inflation sent prices on US Treasuries lower. The yield on the 2Yr Treasury has climbed 50 basis points in the last month to 4.6%.
![World Wrap](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20240218-World-Wrap-pdf.jpg)