The divergence we're witnessing across global markets tells a compelling story. A K-shaped economy—where high-performers accelerate while others stagnate—is no longer a theoretical concept. We're seeing this pattern embed itself across every sector and region. Asset classes are splitting sharply: winners capture disproportionate flows, while laggards face persistent headwinds. This structural fragmentation reshapes how capital allocates, forces investors to be more selective, and creates outsized opportunities in pockets of genuine strength. The winners-take-most dynamic is accelerating.