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Investment Strategy

Jul 10, 2024

11:37 am

• Dichotomy of headline data persists in the US. • Global equity markets remain buoyant, led by the US technology sector. • We maintain a neutral stance on Indian equity due to elevated valuations. • We prefer duration in the Indian bond market, given favourable supply-demand dynamics. The McKelvey Rule For the past few months,…

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A July Rate Cut?

Jul 9, 2024

9:43 am

• US economic data currently lends itself to earlier rate cuts • The ISM Service Sector index was sharply weaker • The Fed might consider a rate cut at its July meeting • We expect selective interest rate-sensitive sectors to perform • US 2-year government bond yield on track to decline to 4.2% Maybe, just…

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UK Election Special – Shifting to the Left

Jul 8, 2024

9:15 am

• The UK electorate has dramatically ended 14 years of Conservative Party rule with a crushing victory for the Labour Party, winning a majority of 166 with 408 seats. • Conservative Party representation falls to 136, 208 seats lost and its worst defeat in modern times. • Voter turnout was depressed with the swing to…

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Q2 Macro and Markets Quarterly

Jul 4, 2024

9:27 am

The second quarter of 2024 was marked by a complex interplay of strong financial market performance, persistent inflation, and geopolitical risks. While consumer spending and labor markets remained robust in key economies like the U.S., inflation and geopolitical uncertainties posed ongoing challenges. The global economic outlook remained cautiously optimistic, with central banks’ monetary policies and…

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