Wirestock/iStock via Getty Images The SPDR S&P 500 (SPY) has ruled the global equity markets since the start of the pandemic. SPY topped on February 19 of that year and promptly fell 33% in 5 weeks. That was the start of a major reset in how I think about equity investing. That continued when the Fed went from suppressing rates to raising them 11 times, and that brings us to today. I think it is Asia's turn, much as it was decades ago, earlier in my career, when these markets had something the US did not at the time: Economic...