Global equity markets have started 2024 with a much more dispersed performance than 2023 when all boats were lifted on the back of easing expectations.
The Good (selective set of melt-ups including Japan and US Tech)
The Bad (aside from today's explosion, Small Caps have shown genuine weakness so far in 2024, and European stocks can't catch a bid as The ECB pushes back against Fed-style uber-dovish expectations)
The Ugly (China has collapsed and is accelerating, calling Beijing's bluff on a giant stimmy drop)
