| Last week, the risk-off trade took another step towards consolidation. The US (S&P 500) retreated by 4.3%. Outside the US, the MSCI EAFE (in USD) and the MSCI EM (USD) dropped by 5.93% and 6.45%, respectively.
Moving on to other asset classes, the 10Y Treasury yield retreated by 13bps last week and reached a new low of 1.71%, while the DB Liquid Commodity Index was down by 1.19%. The WTI Crude Oil, and the Silver prices did alike and fell by 4.84%, and 0.59%, respectively; while the Agriculture sector (DB Diversified Agriculture Index), and Gold showed some resilience recording positive moves of 3.14%, and 0.86%, respectively...............................................Full Article: Source
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