market-commentary

MARKET COMMENTARY

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Investment Strategy

Dec 16, 2023

10:49 am

• Global markets have rallied over the last six weeks, led by a decline in US inflation and a dovish Fed. • Concerns arise from the rising US fiscal deficit and upcoming high levels of speculative-grade non-financial debt maturities. • Chinese economy is stabilizing; Emerging market economies in Asia are looking strong. • • We…

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A World of Contrasts

Dec 12, 2023

8:44 am

• US economic data regains strength after recent loss of momentum • Fed meets this week but is unlikely to move policy or alter its messaging to the markets • European economic data is weak and gives ECB room to make an earlier-than-expected cut in interest rates • El Nino creates potentially large problems for…

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Macro and Markets Monthly – November 2023

Dec 5, 2023

8:35 am

November 2023 – A Quite Extraordinary Month Comment November was quite an extraordinary month when markets more than reversed the losses for October. We provide additional insights into the happenings in our monthly posted below. The one stand out was the market participants’ firm belief that the peak in inflation and policy rates is firmly…

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Portfolio Commentary

Nov 30, 2023

10:42 am

India’s evolving housing landscape • From a sectoral perspective, Nifty Realty was the best-performing index and the only index to post gains, ending 5% up for the last month. • In our view, this is not a short-term upswing but a structural play in the Indian housing market. • Several factors have led to the…

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