Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph.

Quick recap

• U.S. equity markets continued to be buoyant this week despite rather hawkish tones from the FED and rising bond yields.
• European stocks retraced slightly driven by cyclical stocks, except for the energy sector, which edged higher on the back of another increase in crude prices.
• There was a pretty wide dispersion in the performance of equity styles as European Value, and Dividend titles outperformed Quality and Momentum titles again.
• Gold made a strong upwards move, getting close to its recent all-time-high again. Major cryptocurrencies mirrored the move.
• The flattening U.S. yield curve is increasingly attracting investors’ attention.

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