Historically I have never been a believer in stock market seasonality and would typically laugh off comments where people would recommend buying into particular months or selling into others. The most often used seasonal comment in the markets is “Sell in May and go away”. However as I looked at data over the last 4 […]
Read MoreThe continued rally in the bonds of developed markets like US, Germany, UK etc has continued to intrigue most analysts over the last few years. Some of the most prominent and well known bond investors gave a call over two years back that the two decade plus rally in global bonds is over for good. […]
Read MoreOver the course of the last three monetary policy statements the RBI has shifted the debate away from inflation to the Current Account Deficit. It is apparent that the slowdown in the upward spiral of food prices, the fall in global commodity prices by nearly 15-20% along with the total lack of pricing power with […]
Read MoreAs the year started off, things looked optimistic in the global and Indian context based on several factors. In the Indian context the positivity was primarily based on expectations of a more proactive government on the ground and also an easing of inflationary pressures which would force the RBI to act. In the global context […]
Read MoreValue Creation over the long term is always the facet of stock market investing. Most investors who have invested over the long run have made strong returns from their investments. The fall in markets since the stock market peak of 2007 has built a strong conviction in the minds of people that equity is a […]
Read MoreTHE RUPEE WILL KEEP FALLING – Given the Current Account Deficit situation and the inability of exports to pick up despite the sharp underperformance of the INR against most competing currencies a theory is gaining ground these days that the INR is overvalued and it should fall more to make imports unattractive and exports more […]
Read MoreThe MF Industry in India has gone through three distinct cycles. The first cycle started in the early 1990’s with the entry of PSU Bank floated MF’s into the industry that was just UTI at that stage. The initial phase of growth was very short where investors were largely unaware of what MF’s were and […]
Read MoreThe MF Industry in India has gone through three distinct cycles. The first cycle started in the early 1990’s with the entry of PSU Bank floated MF’s into the industry that was just UTI at that stage. The initial phase of growth was very short where investors were largely unaware of what MF’s were and […]
Read MoreOne of the biggest factors that have led to the spiral in commodity prices over the last 10 years has been the vociferous appetite of China for commodities as it set on a path to build infrastructure and cities. Chinese consumption of various important commodities like Steel, Copper, Aluminium, Crude Oil, Rubber, Cotton etc has […]
Read MoreWhile central bankers worldwide have continued to balance their policies to focus on reviving growth while keeping a lookout on inflationary expectations the policy environment in India has been totally opposite. I have argued for a long time with different logics that although the RBI started off its tightening policy at the right time and […]
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