As the global economy and financial markets process the impacts of the Middle East War, three distinct divergence trends are emerging. For every pair mentioned, the comparative winner appears before the comparative loser.

The initial trend highlights the gap between Wall Street and Main Street, a topic detailed in previous updates. The second theme, which was also explored earlier, contrasts the US against the rest of the world. Finally, an internal divide is taking shape within the US stock market. With major indices approaching record levels and currently sitting 10% above their recent lows, technology is pulling ahead of consumer discretionary.

#economy #markets