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MARKET COMMENTARY

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Central Banks Remain Helpful

Dec 10, 2024

10:57 am

• Fed on track to affect another rate cut – unless this week’s CPI report springs a surprise • NASDAQ 100 now up 32% year-to-date, leading broad markets higher • Bitcoin breaches $100,000 mark • Indian central bank’s dovish comments cement the recent recovery in the Indian equity market • France’s political and debt problems…

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Themes Emerging from the Presidential Transition

Dec 3, 2024

9:11 am

With only weeks left before Donald Trump takes office, we thought it would be prudent to analyse the emerging investment themes globally and also see how the president-elect’s proposals of sweeping tariffs will shape the global economic order going forward. 1. Tariffs: A Risky Economic Gambit The president-elect’s initial policy musings on imposing substantial tariffs—25%…

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Investment Strategy

Dec 2, 2024

1:14 pm

• US election uncertainty out of the way, focus back on policies • US Fed delivers another rate cut, pace of future rate cuts could be slower • Some recovery in the India output data after a weak Septembers • Weaker than expected corporate earnings, expected to stabilize in the next 2-3 quarters Global macro…

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In Thee We Trust (or Maybe Don’t)

Nov 26, 2024

7:29 am

As we navigate the transition of power from the Biden administration to President-elect Donald Trump, it’s striking how analysts continue to argue that the US equity market can sustain further gains in the year ahead. Let’s be honest: few are willing to call a top in the US equity market, which has had a remarkable…

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