Investment Strategy

Jun 12, 2024

9:53 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. Goldilocks to Stagflation Over the past several months, the U.S. economic commentary…

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Political Challenges

Jun 11, 2024

6:58 am

• Geopolitical challenges so far have not stirred exaggerated volatility in the equity markets • India’s election results, an initial shock, but likely still constructive for markets • The bitterness of US elections to increasingly worry markets as the months go by • The 80 year cycle of “The Fourth Turning” • Europe challenged by…

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Macro and Markets Review for May 2024

Jun 4, 2024

8:39 am

There was quite a dispersion of economic data surprises around the world through May. Europe was the positive standout, with evidence of ongoing improvement in economic growth. Japan’s economic data deteriorated sharply at least until right at the end of the month when retail sales beat expectations. However, generally through the month Japan saw disappointing…

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Peaking Markets Range Trade

May 28, 2024

11:42 am

• Market debate remains on stickiness of inflation and slow pace of US rate cuts • US market concentration in big tech signals potential problems, but the sector continues to deliver • Old economy stocks struggle • UK’s Independence Day general election US bank leaders’ statements of caution We generally don’t echo the opinions of…

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