In aggregate, Newton scores reflect deterioration for broad equity markets with the exception of renewed relative strength observed in Forgein Developed markets. Recent turbulence in stocks has prompted investors to seek safety, allowing Fixed Income funds to improve over the last week. Beneath the surface, tactical reallocations from struggling areas of the market toward defensive positioning have instigated an improvement in Healthcare stocks.

Following the previous week's inflation figures that met expectations but revealed potential stickiness, investors are anticipating the FOMC meeting minutes for indications on how the Federal Reserve may navigate its policy path in the current inflation and economic landscape. Moreover, they could offer insights into the range of perspectives on the board, indicating whether the more hawkish or dovish viewpoints are gaining ground. Retail sales figures released on Tuesday will provide market participants with yet another data point to digest and adjust their expectations for the economy and, ultimately, the Fed.