In Asia this week, South Korea is growing in strength with names like SK Hynix in the leading category, while Spain and Mexico lead the way. Thailand is slipping as government trouble spills over. Malaysia and Indonesia join it in the bottom three.
US Stocks are still weak in CAPR, but the strong trends of its neighbours (Canada and Mexico) are starting to
Defence and AI remain strong, along with Asian financials. Saudi Arabia stands out as weak alongside some leading quality defensives.
This week, we are seeing continued weakness in energy and real estate, while global financials and utilities remain strong. We
