Summary of Global Insight Market Overview Equities: S&P 500 is up 1.3% YTD; Hang Seng leads with an 18.6% YTD gain. Commodities: Gold prices surged 11.2% YTD, while oil prices declined. Bonds: U.S. 10-year Treasury yields fell slightly, reflecting market caution. Key Takeaways U.S. trade policies remain a source of global economic risk. Equity market dynamics are shifting, with broader market participation beyond the Magnificent 7. European financials and Hong Kong equities are outperforming. Economic uncertainty and geopolitical developments will continue to drive market sentiment.