Last week was pretty schizophrenic, where a highly volatile equity market churned alongside a surge higher in interest rates, a strong USD, and
weaker commodity markets (with the exception of spot nickel +44%). For the week, U.S. equity markets were down nearly 3% while developed
international markets, particularly Europe (+4.5%), held up better. U.S. Treasuries took a notable step down as interest rates moved sharply
higher across the curve while broad based weakness across the commodity spectrum was paired with a strong USD. Click the link below to read more.