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The Year Global Policy Making Lost Its Anchor

Jan 5, 2026

12:32 pm

A very happpy New Year to all our clients and frirnds of The Global CIO Office. Whishing you all a prosperous New Year Ahead Table 1: Assset Class returns to end Deceber 2025 (USD) Source: Bloomberg Executive Summary 2025 will be remembered as the year in which global markets stopped taking US policy announcements at…

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Reflections Beyond the Numbers

Dec 22, 2025

10:25 am

Markets will close the year having delivered respectable returns. That matters. Financial growth supports savings, and investment, and it provides a degree of stability. But growth is broader than a GDP definition or asset market performance alone. We live in a world of human beings, not just monetary wealth, and progress must also be judged…

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The Great Risk of 2026 – The Fed

Dec 16, 2025

1:44 pm

• A three way split at the Fed does not bode well for next year • Dot plot looks like a Christmas tree • Lack of building consensus and politicisation does not help • The middle path suggest more rate cuts next year – for political reason that may be right…. but it doesnt mean…

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Investment Strategy

Dec 12, 2025

9:51 am

• A benign inflation environment provided the RBI room to cut rates in the December policy meeting. • With supportive policy, India’s economic activity and corporate earnings should improve in the coming quarters. • We remain neutral on Indian equities as earnings have stabilised and valuations have partly moderated. • The U.S. job market is…

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