Oct 26, 2022 7:52 am
• Another equity bear market rally in the offing • We prefer not to trade these highly risky rallies given the ongoing challenges • Investors had hoped that Chinese asset markets only had upside risk however… • …its time to ask again, is China becoming uninvestable? • The lurch towards unbridled communist thought does not…
Read MoreOct 20, 2022 12:04 pm
Crisis readiness of the Titans Portfolio. The Indian markets did catch some cold last month but still ended up widely outperforming major global markets. The world environment is tense. We have a hawkish Fed that is trying too hard to undo the inflation mismanagement. We have an inconclusive war that’s been ongoing for more than…
Read MoreOct 17, 2022 10:50 am
• Recent challenges in the UK show that the global economic and political system may struggle to keep trouble at bay • The regime change to inflation as problem rather than an aspiration is catching out institutions and corporates who lack the knowledge of how to react • In the financial system the problems could…
Read MoreOct 10, 2022 5:36 am
• Equities closed higher on the week despite evidence pointing to challenging times ahead • The Fed is unlikely to ease up – why should it really? • The dollar’s rise presents a serious headwind to US corporate profit forecasts • Japan opens to foreign tourists adding to the slew of better news of late…
Read MoreOct 8, 2022 7:28 am
• Global economy continues to weaken with the punishing dollar strength intensifying the pain • The Bank of England’s QE intervention to bail pension funds underscores that emanating risks that may force central bankers’ hand/s. • Global equity capitulation may extend as corporate earnings weaken • Strong GST and PMI numbers continue to validate India’s…
Read MoreOct 3, 2022 1:11 pm
• Tough times still ahead as the tightening causes trouble in places you might not of expected • In terms of news flow and market action it feels like Q1 2008 • We are also mindful that asset prices have adjusted already, some more and others • We have an eye on those assets that…
Read MoreSep 26, 2022 10:32 am
• Central bank meetings highlight their determination to raise rates substantially to control inflation risk • Bond market repricing to catch up with central bank aggressiveness • Equities have still to price the recession risk and the likely persistence of higher interest rates • Worst case scenario – S&P500 plunging 25% from here Gone is…
Read MoreSep 21, 2022 12:44 pm
Structurally speaking – Is India turning a corner? After the unabated selling in the year’s first half, August was another month of relief for the markets. The enviable resilience in the Indian markets has surprised many pundits, feeding the narrative that India is decoupled from the world. The last time the decoupling story made its…
Read MoreSep 20, 2022 8:45 am
• US inflation stronger at the core and widespread • Equities and bonds vulnerable to breaking into new weaker territory • First signs for the US corporate results season unnerve the market • Fed and Bank of England look set for 75bps rise in policy rates Last week’s equity market action made it amply evident…
Read MoreSep 12, 2022 2:30 pm
• The markets appear to be in the mood to put a positive spin on current data • However central bankers remain hawkish pushing on with substantial rate rises ahead • Fiscal policy in Europe is starting to take the edge off some of the worst predictions of recession. • Both the UK and eurozone…
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