market-commentary

MARKET COMMENTARY

Scroll Down

No Cold Turkey

Nov 28, 2023

8:50 am

• Extraordinary rally in risk markets over the month • Equities look vulnerable to profit-taking • Complacency evident in the equity market with VIX at 3-year low • US 10-year bond yield looks to have bottomed out ahead of Treasury auctions this coming week • German budget is disarray – eurozone growth at risk The…

Read More

How Can 0.1% Feel So Good?

Nov 21, 2023

7:37 am

• US CPI data beats expectations by 0.1% and markets rally • The markets have almost priced a perfect outcome of a soft landing and unwinding of inflation • It’s too early to judge how things will work out, but the loosening of monetary conditions could lead to an unwanted rebound in inflation • The…

Read More

Investment Strategy

Nov 17, 2023

10:02 am

• US Q3 2023 GDP number exceeded forecasts, but our outlook remains cautious. • Eurozone GDP contracted in Q3, 2023, poised to enter a technical recession next quarter. • China’s recovery remains lacklustre despite attempts at monetary revival. • The Indian economy continues to be resilient amid strong festive demand. • We expect Indian equities…

Read More

A Festival of Confusion not Light

Nov 16, 2023

7:57 am

• Fed flip flops on guidance adding to the volatility of markets • US household inflation expectations on the rise • Equities recover a good measure of their recent losses but look vulnerable to cuts in earnings • US inflation report this week may add to the volatility • Latam serves up good news on…

Read More
Top