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MARKET COMMENTARY

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Fed cuts as expected, but not more of the same

Nov 6, 2019

6:47 am

• Fed delivers a cut, as expected • The accompanying statement hints that further cuts should not be viewed as a given • Low for long is the order of the day, as Fed sees little inflation risk in the system • Easy money policy continues to fuel risk appetite while suppressing bond yields The…

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The Market’s Message

Oct 29, 2019

12:11 pm

“If past history was all that is needed to play the game of money, the richest people would be librarians.” – Warren Buffett The Age of Abundance The age of abundance is over in the U.S. So says Youngme Moon, author, Sr assoc. Dean, Harvard Business. With respect to India, we think the age of…

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Chaos Confusion and Suspense

Oct 22, 2019

10:22 am

• Another Brexit saga but the UK Prime Minister may still push it through • Sterling may initially sell-off but traders fear the upside as much as the downside • Latin America sees trouble in Chile and Ecuador, but Brazil and Mexico retain positive bias • IMF cuts GDP forecasts and ups its research on…

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The House Always Wins

Oct 14, 2019

12:31 pm

“We want to elevate the world’s consciousness” – Adam Neumann, WeWork Summary Being an equity investor is akin to being the ‘house’ in Vegas. The house eventually wins. We maintain a positive view on equities, neutral on gold, and underweight duration on bonds. The House Always Wins…. It’s almost become fashionable to be pessimistic these…

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