market-commentary

MARKET COMMENTARY

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Nothing has Changed but Everything has Changed

Jan 9, 2024

8:13 am

• From the exuberance of 2023 the markets transition to 2024 has been patchy • Over the past two years asset markets have moved sideward and market has started the year with some nervousness • Flat earnings and higher interest rates do not bode well for the US equity market’s relative performance • Global growth…

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2023 Asset Market Review

Jan 4, 2024

10:05 am

2023 in the context of 2022 It’s shocking but true that the global equity market return (in USD) has hardly provided a positive total return in the past two years, and the NASDAQ index even gave a negative return. It’s important to keep this in mind when reflecting on 2023, as it’s easy to get…

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Ten Pointers to 2024

Jan 3, 2024

7:55 am

As we step into a new year, its crucial to understand the evolving landscape of financial markets. We look back to draw lessons and try to gauge what can be set right. We dwell on the happenings of the year gone by and try to understand what can go right – and wrong – for…

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Portfolio Commentary

Dec 21, 2023

9:06 am

The performance marathon • There are several ways to skin the cat in equity markets, and not all of them are right all the time. • The fundamentals of the Titans portfolio continue to be solid. • If we break down the recent lag in the portfolio performance, it has primarily been because of non-participation…

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