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…

Read More

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…

Read More

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…

Read More

COVID versus Biden’s Budget Promises

Jan 25, 2021

3:08 pm

• COVID cases continue to climb but market focused on President Biden’s promises. • Asian data shows strong exports led principally by manufacturing. • Emerging market debt challenged but still able to perform. • Vietnam awaiting political news and primed for further performance. • Corporate results season expected to beat expectations. • Nothing expected from…

Read More