Published Mar 14, 2023
The global venture capital industry was in a significant crisis over the weekend as Silicon Valley Bank (SVB), the banker to the US VC industry, collapsed on Friday. SVB’s demise made it the largest bank failure in the United States since Washington Mutual went bust in 2008. The implosion of SVB – a storied US…
Read MorePublished Mar 9, 2023
• Global markets reassessed the Fed’s policy path and corrected last month. • Fed may keep rates higher for longer, which could impact US growth later this year. • US bond yields are attractive, but volatility could continue. • US equity valuations are still not cheap, leaving room for further downside. • Indian equity valuations…
Read MorePublished Mar 8, 2023
• US wage growth surprises to the upside, and growth data better than expected. • European inflation forecasts on the rise • US 10-year bond yield consolidates at around 4%, but investor complacency still evident • China’s economic growth forecasts disappoint; we remain constructive on the equity market • ADNOC shatters records with $124bn subscribed…
Read MorePublished Feb 28, 2023
• Further evidence of a resurgence in US inflation • Fed has a headache – we expect them to raise rates by 75bps over the next two meetings • US 10-year bond yield likely to push through 4% but still not a ‘real’ yield • Equities still have downside risk particularly in the US •…
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