Biotech continues to get hit hard, while a number of oil-related names have also gotten hit fairly hard over the last week or so. SEK has been the worst performing currency of those that trade as ETFs, while Banks have lagged thanks to a pause in yield curve steepening and bond selling. On the plus side, Brazil continues to surge while gold has had a nice recovery off recent lows, benefiting miners. Rate rallies (lower yields) have granted some reprieve for REITs and Utilities while EM has done fairly well on a country level.

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