After-the-War Trade

Jun 15, 2026

12:03 pm

Investment conclusion: At the time of writing, our central assumption is that a US-Iran peace deal is more likely than not. Markets’ first reaction to the development should be a reversal of the crisis trade: some profit-taking in energy, materials, and technology, accompanied by renewed interest in consumer discretionary, real estate, Europe, India, and selected…

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Investment Strategy

Jun 10, 2026

8:54 am

• A Middle East deal appears within reach but remains uncertain. • Global equity momentum increasingly depends on earnings growth, led by AI infrastructure spending. • India’s macroeconomic resilience continues, though higher energy costs have yet to be fully passed through to consumer prices. • Q4FY26 earnings were broadly strong, with mid- and small-caps outperforming…

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Will Tech Go into Space or Come Down to Earth?

Jun 8, 2026

10:11 am

Markets spent most of the last week patting themselves on the back. Then, on Friday, US chipmaker and infrastructure software group Broadcom Inc reported earnings, and the mood shifted rather abruptly. What followed was less a market correction and more a reminder that when valuations are priced for perfection, you do not need bad news…

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Macro and Markets Review for May 2026

Jun 3, 2026

9:55 am

Global markets entered May still balancing two powerful forces: resilient equity earnings and a deteriorating macro backdrop. Growth data have become more uneven. The economic surprise data show a striking divergence: the United States and Japan have recovered sharply, while Europe has fallen deeply into negative territory. That matters because markets are no longer dealing…

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