market-commentary

MARKET COMMENTARY

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He’s Back

Nov 12, 2024

10:06 am

• President-elect Donald Trump has a strong mandate to push through • The market’s intial reactoin is fair with equity prices and bond yields higher • The pace of policy changes will depend on whether the Republicans win the House • The greater risk is to inflation – certainly if there is mass deportations, and…

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Macro and Markets Review for October 2024

Nov 7, 2024

7:13 am

From a macro perspective, the global economy was relatively stable in October, with few significant surprises. Inflation and growth data in developed economies largely aligned with expectations (see Chart 1). Central banks continued their easing trajectories: the ECB implemented its third rate cut of the year, bringing rates down to 3.25%, while the Bank of…

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There will be Fireworks this Week

Nov 6, 2024

7:07 am

• November 5th Marks a Significant Date: Fireworks and a pivotal election could drive notable shifts in sentiment. • US Equities Facing Near-Term Volatility: Increased downside risk as U.S. government debt re-enters value territory. • China’s Economic Boost: Upcoming policy forum may introduce further support to stimulate growth. • UK Budget Insights: Highlights Europe’s ongoing…

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Portfolio Commentary

Nov 5, 2024

5:50 am

“People usually expect the future to be like the past and underestimate the potential for change” – Howard Marks The Indian markets continued to touch new highs in the quarter with large caps leading the way. Markets continued to climb on the wall of worries. The Nifty and Sensex clocked 7.5% gains during the quarter while…

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