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Below is a look at our asset class performance matrix using key ETFs traded on US exchanges. After a week of gains, major equity indices in the US are now higher for the month by a little over 1%. Looking at the ten major sectors, Financials and Materials both surged this week, while Consumer Staples was the only one that fell. Outside of the US, Brazil and Australia rallied 6%+, while China and India were both up more than 5%. Interestingly, while gold was down on the week, silver rallied 5.75%. You don’t typically see these two precious metals diverge that much.