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How Should We Invest in Equities

Jan 30, 2024

7:46 am

• US economic data surprises to the upside • Fed likely to signal that rates may have peaked but it is likely in no rush to signal a cut • US politics looks dysfunctional and worrying for the longer term • Investors should question why they allocate 60-70% of their equity exposure to a country…

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Steady But Not Stable

Jan 23, 2024

10:08 am

• We highlighted last week that the economic data flow could not stay at neutral • In the US consumer spending surprises to the upside as does consumer confidence • The UK sees an unfortunate spike in inflation • Oil risk about balanced, in a complicated market • Global bond markets witness a sharp rise…

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Investment Strategy

Jan 19, 2024

10:21 am

• Global economy faces headwinds. • India’s growth remains resilient despite global challenges • Indian bonds are likely to be range-bound as the RBI counterbalances bond inclusion cheer. • Better value in large-cap relative to mid and small-cap stocks in the medium term. The Year of the Humble Pie 2023 will go down in history…

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Probably not Neutral

Jan 16, 2024

7:54 am

• With US economic surprises close to neutral the markets are looking for new trends • We suspect that markets are mistakenly pricing a soft landing • US economic growth momentum may depend on a resurgent consumer • Taiwan’s not for turning – near-term challenge from China should already be discounted • China has growth,…

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