market-commentary

MARKET COMMENTARY

Scroll Down

2021- Looking in the Rear-View Mirror

Jan 5, 2022

5:27 am

In contrast to previous years, the total returns on global equities and bonds were quite divergent in 2021. While equities returned a strong +21.8%, global bonds nursed losses of 4.7%. Equity returns were led by the S&P500, which gave a total return of 28.7% including dividends reinvested. The 28.7% annual return was sharply above the…

Read More

Manufacturing To Drive Next Leg of Growth

Dec 28, 2021

6:25 am

India has been steadily gaining share of global manufacturing value add for several years. However, despite the share gains over the years the share in the pie remains abysmally low at 3.2% of the global manufacturing GVA, compared to 12% for agriculture. India’s manufactured goods exports grew 42% in CY21YTD, compared to global growth in…

Read More

Central Banks in Action Mode

Dec 21, 2021

6:26 am

• Central banks are raising rates and paring bond buying in their attempt to rein in inflation • The market now expects the Fed to institute three rate hikes in 2022 • The Bank of England, in an unexpected move last week, voted overwhelmingly in favor of a rate hike • The ECB, meanwhile, appears…

Read More

Staying With a Positive Tone

Dec 14, 2021

4:26 am

• Global markets lurch from nervous to ecstatic. We expect the more to positive tone to persist • We see equities benefiting as a mix of good global growth, peaking inflation and somewhat modest monetary tightening keeps the risk-on sentiment intact • This week’s Fed meeting, could see the Fed announce a tapering of its…

Read More
Top