Economic data included mixed results for PMI data, with manufacturing down and services up, gains in industrial production, and a decline in housing starts.

Equities lost ground globally last week, with the continued Middle East conflict and some volatility in government interest rates. As yields rose, bonds were mixed, with foreign bonds helped by a weaker dollar. Commodities saw gains, including another rise in energy, along with the ongoing U.S.-Iran tensions.

Equities were positive globally, as some easing in inflation was pared with decent earnings and economic results. Bonds were little-changed for the week domestically, while a stronger dollar held back unhedged foreign bonds. Commodities gained, based on higher energy and agricultural prices.