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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Are We Seeing Reflation?

Oct 15, 2024

9:40 am

• The urgency for US Fed fund rate cuts dissipates. • US growth and inflation data continue to surprise to the upside modestly. • The Chinese authorities tell a good story about providing support for their economy. • Should China follow through on its reflation initiatives, we expect global stock market leadership to shift to…

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No One-Way Bet

Oct 8, 2024

10:51 am

It all looked too easy: a US soft landing, lower inflation, and a compliant-with-market-wishes Fed that was seemingly prepared to deliver to the market further 50bps rate cuts. It was easy money for investors, and bonds and equities rallied. A couple of US data points later, we still have good growth, but nascent inflation worries,…

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Q3 Macro and Markets Review

Oct 5, 2024

6:51 am

It happened – US fed funds rates finally peaked. The Fed’s sprung a small surprise and cut interest rates by 50bps against a marginal majority view that the fed would only cut rates by 25bps. The accompanying statement and dot plot showed that the market was right to anticipate further consistent cuts from future Fed…

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