Published Oct 8, 2022
• Global economy continues to weaken with the punishing dollar strength intensifying the pain • The Bank of England’s QE intervention to bail pension funds underscores that emanating risks that may force central bankers’ hand/s. • Global equity capitulation may extend as corporate earnings weaken • Strong GST and PMI numbers continue to validate India’s…
Read MorePublished Oct 3, 2022
• Tough times still ahead as the tightening causes trouble in places you might not of expected • In terms of news flow and market action it feels like Q1 2008 • We are also mindful that asset prices have adjusted already, some more and others • We have an eye on those assets that…
Read MorePublished Sep 26, 2022
• Central bank meetings highlight their determination to raise rates substantially to control inflation risk • Bond market repricing to catch up with central bank aggressiveness • Equities have still to price the recession risk and the likely persistence of higher interest rates • Worst case scenario – S&P500 plunging 25% from here Gone is…
Read MorePublished Sep 21, 2022
Structurally speaking – Is India turning a corner? After the unabated selling in the year’s first half, August was another month of relief for the markets. The enviable resilience in the Indian markets has surprised many pundits, feeding the narrative that India is decoupled from the world. The last time the decoupling story made its…
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