A stronger dollar last month clipped returns of foreign stocks and bonds from a US currency perspective. US equities and bonds, by contrast, posted respectable gains in February, although the domestic pop wasn’t enough to offset the drag from foreign markets in US dollar terms for a globally diversified portfolio. As a result, the Global Market Index (GMI) slipped 0.1% last month, although GMI is still up a handsome 2.4% for the year so far through February’s close.