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Patchy Economic Recovery – Not to Worry

Feb 9, 2021

12:09 pm

• Economic activity is patchy but in the right direction. • Inflation spike has bond yields trending higher. • Eurozone equities rally and should be helped by higher inflation. • Weaker China economic data may see equities consolidate after strong run. • Silver’s ‘Reddit run’ ended by contrived fundamentals. • Hong Kong’s ongoing relevance in…

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The Momentum Continues

Feb 8, 2021

4:44 pm

After an eventful start to the year 2021 with a new Covid strain, renewed lockdowns, and the siege of the US Capitol Hill by protestors, more positive than negative news have emerged over the last few weeks. The new US President has taken over the office, the Covid vaccination program is picking up steam, we…

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Union Budget 2021

Feb 2, 2021

10:33 am

The Energizer In the backdrop of an unprecedented pandemic there were a lot of policy announcements throughout the last year. Manoeuvring a tight fiscal space, not much was expected in the budget. But the Finance Minister surprised with a growth-oriented budget. The budget primarily focused on infrastructure, manufacturing and healthcare. Announcements like creation of asset…

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You Can’t Deflate a Bubble, Can You?

Feb 1, 2021

1:05 pm

• Commentary on bubble-like equity market conditions has reached a frenzy. • Equity market valuations are stretched, but that is not a useful signal for predicting a sell off. • The long term factors that have supported exaggerated valuations are still very much in play. • Would investors really substantially sell equities ahead of President…

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