– US Equities and Commodities declined. Foreign stocks and prices on US Treasuries moved higher.
– Value stocks were hit hardest led by a 5.8% decline in Energy stocks. Technology stocks still managed to have a positive return.
– The Fed increased rates by 0.25 percent last week, it’s the 10th increase in the rate by the Fed in a little over a year.
– Yield Curve inversion worsened, becoming the second most severe inversion in over a century.

– 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.