This period of sudden rallies and sharp corrections underscores the need for a different playbook as we enter the second half — one that emphasises disciplined strategy, adaptability and the ability to seize opportunities as they arise.
Much like in football, where a match can dramatically change between the first and second halves, 2024 is shaping up to be a year of two distinct phases in the global markets.
The first half of the year has seen a rapid selloff in August, with markets temporarily caught offside by a growth stumble, an ill-timed Bank of Japan interest rate hike, and a synchronous global unwind of popular positions.
