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Investment Strategy

Jan 19, 2026

11:22 am

• Global growth is expected to slow further in 2026, led by a deceleration in the U.S. economy. • Economic activity in India should improve driving earnings towards double digits in FY27. • Valuations have eased across most segments, though pockets of overvaluation persist • Indian equity returns may remain muted but more broad-based in…

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Markets Hold Their Nerve Amidst Growing Rhetoric

Jan 13, 2026

7:16 am

• Markets stay firm despite political volatility and mixed macro signals • Supreme Court likely to curb Trump’s tariff powers, easing trade tail risks • Jerome Powell pushes back • US tax cuts and earnings season offer near-term support, led by tech • Inflation data next week may challenge the disinflation narrative • East outperforms:…

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The Best May Be Behind Us

Jan 7, 2026

9:59 am

The Best May Be Behind Us • 2026 begins with momentum, not new policy support. Early gains are possible, but returns must be earned through growth and earnings. • The easy part of the cycle is over. Markets will prioritise growth first, inflation discipline second, and rate cuts only at the margin. • Capital is…

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Venezuelan Oil: Immense Geology, Heavy Reality

Jan 5, 2026

2:18 pm

Venezuelan Oil: Immense Geology, Heavy Reality   Executive summary Events over the past few days have materially altered how Venezuela’s oil endowment is being discussed in the context of future global supply. From a pariah state long constrained by sanctions and naval pressure, the apparent US control of key security and energy decisions has brought…

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