Year: 2023

  • Preparing for 2024

    Preparing for 2024

    Expectation setting is a very intrinsic part of investing. Setting our expectations correctly prepares us better to face market volatility. This is all the more crucial when we exit a hugely productive year of investing. The natural tendency would be to expect a similar year after a hugely successful one. Investors are conditioned to believe…

  • Outlook for 2024

    Outlook for 2024

    As we welcome a new year, a fresh outlook is always important. Let’s look at the opportunities and threats in the upcoming year for equity market investors. Union Budget and General Election The Union budget is usually the first major domestic event that we look forward to. The general elections in April-May 2024 will be…

  • Looking Back at 2023

    Looking Back at 2023

    What works in one year rarely works in the next. If an asset class performs well for two consecutive years, its capacity to perform well in the third is relatively limited. Only under conditions of euphoria do you see such performances happen. Looking back at 2023, it belonged to small and mid-caps. Both returned close…

  • Rewind 2023

    Rewind 2023

    In this blog, we look back at what happened in 2023. Higher interest rates define the new macroeconomic regime today. The coming decade will be very different from what we have seen after the GFC. Expanding production capacity helped central banks stabilize the economy and fuel growth through loose monetary policy. This stoked bull markets…

  • 2023 Highlights – Central Banks of England and Europe

    2023 Highlights – Central Banks of England and Europe

    2023 Highlights – Bank of England The Bank of England has raised interest rates in 4 out of 7 policy meetings this year. Interest rates have remained constant at 5.25% since August 2023. This is in stark contrast to the previous decade. Interest rates were at 0.50% from March 2009, reaching 0.75% in 2019, and…

  • Chasing Momentum

    Chasing Momentum

    FII buying, when done at high velocity, causes a sudden market reset. Sentiment reverses swiftly. The market’s attention shifts to focus intensely on what the FII’s are buying. Selling slows down in the parts of the market seeing FII buying. Buying gathers momentum in FII favourites. Momentum gets induced in those stocks in which the…

  • US Monetary Policy Recap 2023

    US Monetary Policy Recap 2023

    Fed Policy Until 2023 Over the last few years, the Fed has had to put out many fires caused by its policies. During the pandemic in 2020, the priority was to put money in the hands of people. The paycheck protection program provided financial security at a time when jobs could not. In 2021, the…

  • The India Consumption Story

    The India Consumption Story

    Peter Lynch: An Approach To Picking Winning Stocks How do you find your next winning investment idea? According to legendary investment manager Peter Lynch, all you have to do is look around you! Have you ever thought about how much of your day is wrapped around consumer brands? Consumer brands touch upon our lives every…

  • To Rush or To Wait

    To Rush or To Wait

    Nobody wants to be under-invested in equity right now. The visibility on the political front changed the market view of many market participants, of both experienced and new entrant genres. The fear is that liquidity will make it even more difficult to invest in the market, and waiting for a correction may not even give…

  • IPO Genesis

    IPO Genesis

    With the current madness of the IPO market, I am reminded of something I wrote in 2012. Here is that piece. IPO and stock investing are almost synonymous to the investor. Investors view IPOs as the most preferred entry point into the stock market. The reasons are historic. IPOs had a history of delivering great…

  • Fixed Income Outlook | December 2023

    Fixed Income Outlook | December 2023

    Welcome to our last outlook for 2023! We have much ground to cover. This month is a wrap-up of looking at regulatory changes, flows, monetary policy and much more. We invite you to join us live to wrap up 2023. Register here to have all your questions answered! Regulatory Changes: The Tax Overhaul What’s the…

  • The IPO Party is On

    The IPO Party is On

    The week saw IPOs collect Rs. 3.67 Lakh Crores. This clearly signals a euphoric response to IPOs from Indian investors. The investor appetite for equity seems unrelenting even as other asset classes take a back seat. This would mean that companies waiting on the sidelines to IPO will now hasten their issues. We will definitely…