Overnight, US markets and several global indices pushed into fresh record territory, supported by easing geopolitical tension, a softer oil backdrop, and another leg higher in the AI-driven tech rally. At the same time, the ASX 200 moved the other way, closing lower and sitting below its 200-day moving average, which tells you this is not just noise, it is a structural divergence that investors need to understand properly.
This gap is not random. It reflects differences in sector composition, macro settings, and where global capital is flowing right now.
Global Markets. . .
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