After establishing support several weeks ago, Oil prices continued to surge even higher last week relative to other asset classes. However, this didn’t stop Equities from also putting in a positive performance as their bullish uptrends remain intact after consolidating since the beginning of March-2015. Bonds (TLT) are flirting with the 100-day moving average to find support. The Volatility Index (VIX) continues to lag and has descended to new weekly lows, while the U.S. Dollar has reclaimed superiority over European and Japanese currencies. Gold was basically flat after conceding most of their weekly gains and may be due for further price consolidation. Performance in Real Estate was divided as commercial property assets are succumbing to resistance while homebuilders continue to build momentum in a rebounding economy.

Market Performance Summary