Troubled Waters

Mar 17, 2026

12:00 am

• An increasing recognition that there is duration to this crisis • Spike in inflation limits materially changes the scope for easier monetary policy • Think rate increases • Stagflation risks • Markets may tread water waiting for developments Markets changed their mind last week and the change of mind was not about war risk,…

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Investment Strategy

Mar 13, 2026

12:14 pm

• The Middle East conflict is a key near-term driver for the markets, particularly oil prices and global inflation expectations. • Indian economy is better placed than past oil shocks, but prolonged higher oil prices would hurt the economy and corporate earnings. • With improving earnings and resilient domestic flows, our longer-term view on Indian…

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When Oil Moves, Markets Listen

Mar 10, 2026

7:28 am

For some time now, we have argued that the world is approaching the end of a long geopolitical cycle. History rarely moves in a linear fashion. Periods of relative stability are often followed roughly every eighty to ninety years by crisis phases in which institutions built by one generation are tested and rebuilt by the…

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Macro and Markets Review for February 2026

Mar 6, 2026

5:43 am

Global Economy Economic data released during February suggested that the global economy continues to expand, though the momentum remains uneven across major regions. Activity indicators show a world that is neither accelerating strongly nor slipping into recession, but rather moving through a phase of modest and differentiated growth. In the United States, economic signals remain…

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