– US Equities managed a small advance in a week where all other major asset classes declined.
– Large Cap and Large Cap growth were the only styles to move higher, driven by a bounce in Technology stocks.
– Fairly broad declines across international markets with only seven of 44 countries we track moving higher, including the United States.
– Yield Curve is beginning to steepen, but it’s coming from the long end of the curve. 30Yr Treasury yields are approaching 5% for the first time since 2007.
![World Wrap](https://www.cypresscapital.com/wp-content/uploads/Research/Reports/20231009-World-Wrap-pdf.jpg)