Equities are flat to start the week, but we saw new all-time highs posted in the S&P and Nasdaq once again last week, as the Nasdaq continues to lag behind. This speaks to the massive sector rotation taking place out of growth and into value. The Nasdaq does appear poised for all-time highs, but its days of significant outperformance may be over for now.
T-Notes rose slightly last week, but still have not formed any sort of notable higher-high. This means that the downtrend in this market is still very much in effect, and must be respected. Crude Oil and other commodities like grains put in decent returns last week, as inflationary pressures show no signs of slowing down. The dollar took it on the chin again last week, as the capital outflows from the U.S. continue.
Precious metals put in solid weeks too, with Silver closing at one of its highest weekly levels in years. Bitcoin was quiet last week, but Ethereum and Litecoin made new highs.