What’s Hot? What’s Not: UK Hot, Tech and Asia Not [Sector Edition]

What’s Hot

• The UK dominates for a variety of reasons…
• …globally cheap or…
• …least dirty shirt in Europe or…
• …being politically stable is a novelty at the moment.
• Whatever your rationale, you just need to know that the U.K. has momentum.
• Property Other bounced with the promise of helpful interest rate cuts as 2024 progresses.
• US Smaller is best, as investors switched out of over-valued US-centric tech, with the interest rate outlook also helping

What’s Not

• A continuing lack of confidence has pulled China down again.
• This also dragged down the Emerging Market and Asia ex Japan sectors.
• Technology and North America are suffering from a bout of investor doubts, extreme valuations and over-hyped AI.

What’s Hot

What’s Not