market-commentary

MARKET COMMENTARY

Scroll Down

Investment Strategy

Mar 11, 2024

12:53 pm

• Market expectations of rate cuts by the Fed has moderated amid spike in January inflation numbers. • While headline numbers point to a resilient US economy, there are signs of stress under the surface. • We are close to neutral on Indian equity as valuations turn expensive even as macro and earnings are supportive….

Read More

Sticky Inflation Challenges the Bond Markets

Mar 5, 2024

7:19 am

• Inflation still a headache for global markets and central bankers • Last week’s US PCE data points to pockets of a re-acceleration of inflation in the service sector • Since Q4’23 the global trend has been of a stickiness to inflation • Recent research reports question whether long-term US bond yields are structurally headed…

Read More

It can’t just be about Tech

Feb 27, 2024

10:19 am

• The US tech sector shows powerful AI-driven growth • Fed minutes keep bonds on hold at higher yield levels • Global equities need better news from Europe and Asia to sustain the rally • China contributes a little more to positive equity trend • Asia ex-Japan will need the Chinese economy to show signs…

Read More

A US rate rise? Possibly, but not Probably

Feb 20, 2024

6:06 am

• US inflation data worries increase • Economist sage Larry Summers urges us not to rule out a rate rise • US 10- year bond yield in value territory • UK equities get help from the better-than-expected retail sales, but only after a recession in Q4 • Nikkei within striking distance of its all-time 34-year…

Read More
Top