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MARKET COMMENTARY

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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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Is Being Popular the Answer?

Oct 29, 2024

7:37 am

• Populism at the Forefront: Populism is clearly taking center stage in the US presidential election. • Debt & Deficit Concerns: The US deficit and debt levels will need addressing—if not now, then at a moment of the market’s choosing. • Volatility Alert: Equity market volatility remains a strong possibility. • US Tech Earnings Outlook:Tech…

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Equities and Gold have the Edge over Bonds

Oct 21, 2024

10:35 am

• Economists upgrade their US and China GDP forecasts • The equity markets are enjoying the growth more than bonds which fear a slowdown in monetary easing • While equities have run strongly old economy stocks have still to see upgrades to profit forecasts • Gold and Silver have theri own strong dynamics – we…

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Investment Strategy

Oct 18, 2024

7:16 am

• Much-anticipated Fed cut of 50 bps delivered. • Indian markets demonstrate resilience even as economic growth cools a bit. • Result season to increase volatility in stocks. • Portfolio management services continue to be relevant to investors, despite recent underperformance. The Fed Delivers The much-anticipated rate cut by the Fed came through in September…

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