US stocks were mixed but tech continued to be the driver. US bonds did less well, as yields moved higher across the curve. Global stocks were generally weaker, as oil inched higher due to ongoing uncertainty in the Middle East with the Strait of Hormuz again the focal point.

Stocks and bonds diverged last week, as volatility kicked into high gear especially around semi-conductor stocks. Yields came in across the curve as long term inflation expectations subsided. Gold and Bitcoin lost ground, and the US Dollar continued to grind higher.