market-commentary

MARKET COMMENTARY

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Opportunity Out of Adversity?

Jun 18, 2024

8:45 am

• The Fed downgrades its expectations for rate cuts, however the market disagrees • US interest rate sensitive stocks could rally after some painful underperformance • French politics is all at sea, but the French equity market has probably fallen too far The Fed doesn’t believe in significant early rate cuts – but the market…

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Investment Strategy

Jun 12, 2024

9:53 am

• Global economy faces headwinds. • India’s growth remains resilient despite global challenges. • Indian bonds are likely to be range-bound as the RBI counterbalances bond inclusion cheer. • Better value in large-cap relative to mid and small-cap stocks in the medium term. Goldilocks to Stagflation Over the past several months, the U.S. economic commentary…

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Political Challenges

Jun 11, 2024

6:58 am

• Geopolitical challenges so far have not stirred exaggerated volatility in the equity markets • India’s election results, an initial shock, but likely still constructive for markets • The bitterness of US elections to increasingly worry markets as the months go by • The 80 year cycle of “The Fourth Turning” • Europe challenged by…

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Macro and Markets Review for May 2024

Jun 4, 2024

8:39 am

There was quite a dispersion of economic data surprises around the world through May. Europe was the positive standout, with evidence of ongoing improvement in economic growth. Japan’s economic data deteriorated sharply at least until right at the end of the month when retail sales beat expectations. However, generally through the month Japan saw disappointing…

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