Wall of worries

Jun 9, 2022

11:28 am

We started 2022 on a cautious note. The global economy was firmly on the path of normalization post covid but so was liquidity. Withdrawal of excess global liquidity was the antidote to the froth in equity markets. In our January 2022 year commentary, we wrote “While we are very constructive on the Indian equity story…

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Who or What to Believe?

Jun 7, 2022

11:45 am

• Some US corporate management signals trouble, but the consensus is still complacent • Its is weird that the market is expecting fewer rate increases than the Fed seems to be signaling • ECB likely to join other central banks in signaling higher rates – good news for the euro • We continue to expect…

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Three Opportunities

May 31, 2022

5:21 am

• As buy the dip gains some momentum in global equities, we look for long term value and not just tactical plays. • We see a great opportunity in Vietnamese equities after recent poor performance. Strong future growth and a low valuation. • We see value in Latam equities given their exposure to rising commodity…

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Markets on Target for further downside

May 25, 2022

6:39 am

• Concerns about less growth and more inflation appear to be driving sentiments currently • US retailing giant Target misses forecasts by a mile – a salutary lesson for investors • The US consumer has rolled over and faces a worrying increase in gasoline prices • The read-through for the rest of the market is…

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