market-commentary

MARKET COMMENTARY

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Does the Market Really Need a Vaccine?

Oct 13, 2020

• The markets have made progress of late despite the lack of vaccine approval • Good US service sector suggests a broadening of the recovery • Strong car sales and house purchases add to the confidence • US credit markets benefit from the better news • The risks remain – slow progress on the fiscal…

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Rates Unchanged, But Liquidity Support

Oct 10, 2020

In line with market expectations, the newly appointed Monetary Policy Committee (MPC) in its first meeting today, October 09, 2020, decided to keep rates unchanged, while deciding to maintain accommodative stance for as long as necessary to revive growth on a durable basis. To support the financial markets the RBI announced measures to provide liquidity….

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Waiting for News

Oct 6, 2020

• Not just waiting for news on President Trump’s health • Market momentum can only be re-established with news of further policy easing • Global economic data is OK but there are fears that a spike of COVID cases could accelerate job losses • Tech and China still have the better support from fundamentals. •…

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Cutting through the Noise

Oct 5, 2020

Covid continues to dominate headlines and mind space for most of us albeit in different ways. India continues to tread towards full unlocking, and we may have bent the curve. The US is also reporting fewer fatalities, although the focus is now on the convalescing the President and the first lady. Europe despite being firmly…

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