US Stocks are still weak in CAPR, but the strong trends of its neighbours (Canada and Mexico) are starting to fade too. Spain, Italy, and South Korea continue their strong momentum, while South East Asia remains especially weak. Consumer defensive stocks are struggling, reflecting a broadly bullish market sentiment, while global tech stocks are staging a slow and steady comeback.
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The divergence within global stockmarkets is extreme. The leadership is narrow, comprising big tech, gas turbines, and a little copper
