market-commentary

MARKET COMMENTARY

Scroll Down

Portfolio Commentary

Aug 26, 2023

2:30 am

The recession in the distance • A twenty-month rate hike cycle hasn’t triggered a recession. • The US economy is defying all odds. • Past recessions give cues about the severity of market decline from an economic downturn. • Growth in earnings along with correction has improved valuations of Indian equities. • The valuations now…

Read More

Maybe we should talk about 5%

Aug 22, 2023

6:42 am

• A reaccelerating global growth has economists having to consider much higher long-term interest rates • Meanwhile, economists have revised up third-quarter growth forecasts on strong end-consumer demand • Historical precedents suggest a 5% US 10-year government bond yield is possible • Japan delivers a huge upward surprise on GDP growth • Prospects of higher…

Read More

Testing Times

Aug 16, 2023

7:26 am

• US inflation better, but not comfortably reverting to the Fed target • Market appears too optimistic in expecting Fed rate cuts early next year • Remember US growth forecasts are rising and the labour market remains tight • China’s economic challenges deepen with more trouble in the real estate sector • Italy makes a…

Read More

Investment Strategy

Aug 11, 2023

6:39 am

• Global equity momentum continued in July amid supportive US data. • However, several factors could impact the anticipated “soft-landing” scenario. • Global slowdown may impact India’s services exports growth, but currently, India is showing resilience. • Indian Q1 FY2024 earnings so far have slightly exceeded expectations. • Nevertheless, the recent equity rally has further…

Read More
Top