– A stagflationary performance week with Global stocks and bonds selling off, and Commodities rallying.
– Energy and Consumer Staples were the only safe havens. Five of nine style boxes closed out the week in red for the year.
– China sank to new bear market lows in US dollar terms. The country’s bear market is four months away from its third birthday.
– Yields on 10Yr Treasuries climbed to new highs, stopping just shy of 5%. It’s the highest level since the summer of 2007.
![World Wrap](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20231023-World-Wrap-pdf.jpg)