– All major asset classes saw higher prices, but commodities were the biggest winner.
– Classic risk-on week when it came to sectors – with Healthcare, Staples, and Utlities declining while all other sectors advanced.
– Developed markets kept international equity indices in the green, as more than 60% of countries declined during the week.
– A barrel of Crude Oil crossed back above $80 for the first time since November. Oil prices are up more than 12% ytd.

– Nice gains for global equities, modest gains for Global Fixed Income, and losses for Commodities last week.
– All sectors and factors advanced, but small cap stocks struggled. Every small cap style box declined.
– 34 of 45 countries that we follow advanced. China’s equity market has had strong performance two weeks in a row.
– REITs are struggling across the board. They lagged this week despite a rally in bonds. They are the worst performing key asset class year-to-date.