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Investment Strategy

Feb 8, 2023

4:54 am

• Global market momentum continued in January as markets expect the rate hike cycle to end soon. • The disconnect between central bank actions and market reactions exposes it to negative surprises. • India’s union budget was balanced and prudent, and builds on past development agendas. • We remain neutral on equities and await Q4FY22…

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Running Hot

Feb 7, 2023

9:20 am

• Last week’s US economic data was much stronger than expected • Bond market will likely worry that the labour market is very tight • US unemployment rate the lowest since 1969 • Fed will not be deflected from raising rates • We expect further profit taking in bond and equity markets • Adani a…

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Corporate India in Focus as Adani hits the Buffers

Jan 31, 2023

5:49 am

India’s Adani Enterprises, which scripted a somewhat unprecedented ‘growth story’ that invited both awe and occasional scorn, found the ground sinking beneath its feet last week as a US research firm’s damning account of the meteoric rise in the share prices of the conglomerate and its group companies unnerved investors. The report from Hindenburg Research…

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Overtrading risks damaging your portfolio

Jan 24, 2023

9:19 am

• Investors can become overconfident and spend too much time trading equities versus cash • 2022 was a salutory lesson that the returns from active trading can be modest even if you get each call right • Traders will have noted that both the US equity and bond markets hit a technical resistance last week…

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