market-commentary

MARKET COMMENTARY

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Portfolio Commentary

Apr 26, 2024

5:27 am

The year gone by • Markets continued to touch new highs in the quarter gone by. • Close to two-fifths of the index’s annual return can be attributed to the Public Sector Enterprises (PSEs). • The past year witnessed low-quality businesses outperforming high-quality ones. • A year of underperformance by itself isn’t sufficient reason to…

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Challenges of Higher for Longer

Apr 23, 2024

6:33 am

• Challenges of higher for lower sees repricing of assets • US 10 year government bond yield in a new trading range • Dollar strength a challenge for EM policy makers • US smaller cap sentiment at 11 year low • Spring Wolrd Bank and IMF meetings focussed on the right issues? Markets continued their…

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Living with US Inflation

Apr 16, 2024

8:12 am

In Summary Inflation in the US remains a persistent issue and cannot be easily dismissed. The once hopeful scenario of the Federal Reserve implementing gradual rate cuts throughout 2024 now appears overly optimistic. It’s increasingly probable that the Fed will make minimal adjustments to rates – or perhaps none at all. There is also a…

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Investment Strategy

Apr 12, 2024

11:12 am

• The Fed dot plot continues to suggest three rate cuts in 2023, despite persistent inflation. • Crude oil prices are inching higher, a key risk for India and the resurgence of global inflation. • Global equity momentum persists, with Japanese and US equities leading the rally. • The RBI maintained status quo across all…

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