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Time for Value as Growth and Inflation Arrives

Apr 12, 2021

5:01 am

• Data to show strong growth in the US and China • US headline inflation due to rise at least 100bps • Value stocks to benefit from stronger nominal GDP growth • Dollar’s rise pauses and is still way off where it started last year • The shift to ESG investments gains momentum • Regulatory…

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Rates Unchanged, Liquidity Support Continues

Apr 8, 2021

10:40 am

As expected, the monetary policy committee (MPC) kept rates unchanged and decided to maintain an accommodative stance for as long as needed in yesterday’s monetary policy. The RBI continued its focus on growth by providing liquidity support despite some upside risks to inflation. The RBI also announced measures to reduce bond price volatility like the…

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A Year On

Apr 6, 2021

5:34 am

More than a year ago on 23rd March 2020, the government of India announced its first nationwide lockdown of 21 days. The same day stock market hit the bottom. Since then, Indian equities (represented by Nifty Index) have rallied 70.9% as of 31st March 2021. Like every other market correction, this correction also taught us…

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Bonds Hold their Breath

Apr 5, 2021

9:13 am

• More good news in the US economy – job gains a blow out in March • Growth surge risks more inflation risk; supply lines under pressure • Biden keeps adding to his spending plans – bond markets are worried • Developed market equities had a good quarter, but Emerging markets struggled • Fixed income…

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