market-commentary

MARKET COMMENTARY

Scroll Down

Here Comes the Data

Apr 23, 2025

6:02 am

• Economic surveys and data points will provide greater clarity to the state of the global economy • A new set of IMF forecasts will provide some guidance to the downside to growth and upside to inflation • Trump’s attack on Fed chair Powell does not bode well for long-term bond yields – real yields…

Read More

Investment Strategy

Apr 17, 2025

6:39 am

• US announces reciprocal tariffs, higher than expected. • These tariffs may slow growth, raise near-term inflation, and risk tipping the US into a recession. • India remains relatively insulated but could be impacted by a US slowdown and any second order impact. • With the tariff event behind us, we plan to reduce our…

Read More

A Silver Lining in the Storm

Apr 16, 2025

7:41 am

A Silver Lining in the Storm: How Trump’s Trade Disruption Is Forcing a Global Economic Reset President Trump’s recent policy onslaught—particularly the flipflops on tariffs—has drawn sharp criticism from economists and market participants alike. The chaos inflicted on global supply chains, trade flows, and investor sentiment has been profound. Yet amidst the short-term volatility, there…

Read More

Back Sliding on Tariffs – Temporary Relief or Long-Term Uncertainty?

Apr 15, 2025

9:07 am

Due to the breadth of issues in the markets at present we are sending out two weeklies this week, the first on the immediate challenges and the second on the potential silver lining for the markets. The past week has seen President Trump’s tariff regime undergo significant shifts, leaving the markets to digest the implications…

Read More
Top