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Drifting to the Left

Dec 2, 2019

12:12 pm

• November sees muted returns from most asset classes • Watch for more left-wing drift of global politics – Germany the latest example • The US ‘gives thanks’ with good levels of retail spending • Japanese consumers don’t spend but the government will – positive for equities • Asian economy shows improvement and international investors…

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Waiting for Godot

Nov 25, 2019

1:28 pm

Waiting for Godot is a play by Samuel Beckett, in which two characters Vladimir and Estragon wait for the arrival of Godot, who never arrives, and while waiting they engage in a variety of discussions. It seems a fairly apropos representation of the much awaited emergence of growth debate in the domestic environment today. A…

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Don’t Give Up on a Fed Rate Cut

Nov 18, 2019

12:23 pm

• Fed rate cut back on the cards? • US economic data weakens – poor Q4 growth in prospect • UK equities primed for outperformance • Signs of eurozone financial sector reform • Foreign investors keep the faith in Indian assets It was almost inevitable that when the markets had moved to discount virtually no…

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This Time is Different…Or Is It?

Nov 11, 2019

11:42 am

“Those that ignore the lessons of history are doomed to repeat them” – George Santayana The Key Decision Facing Investors Today is Valuations in a Bifurcated Market A few days ago, a veteran portfolio manager issued a note stating “Select quality stocks are in a bubble zone and could give zero or negative returns over…

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