Thought Series

We end 2022 as a year where the value of all asset classes: equities, debt, real estate, crypto etc. have witnessed major...

After a July rally which was largely driven by resilient corporate earnings, the rest of the quarter was gloomy with most asset classes (including bonds and stocks) giving negative returns. Regulators across the globe joined a belligerent US Federal Reserve (Fed) in raising rates to fight inflation. With the Fed...

While the first quarter of 2022 was characterised by uncertainty, the second quarter saw a lot of the concerns fructify. The eye-opener for a lot of investors has been the speed at which regulators, markets and asset classes have acted during this tough economic environment. Some regulators have been quick...

The first quarter of 2022 has been perhaps one of the most uncertain quarters in the last decade driven by (1) the Russia Ukrain conflict (energy and food supply disruption); (2) Rising global inflation; and (3) Slowdown in China (zero covid policy). The above factors resulted in correction in prices...

While the last quarter of 2021 witnessed a new, and  subsequently raging Omicron variant, the biggest threat to the global economy was not covid, but rising inflation. The key drivers for inflation have been (1) Rising energy prices; (2) Global trade supply chain bottlenecks; and (3) Quantitive Easing (QE) alongside...

What a volatile year this is turning out to be. Investors across the major financial asset classes: fixed income, equities and commodities have their work cut out. On the macro front, a lack of consensus on the nature of inflation i.e. transitionary or structural has participants guessing the timing of...

The second quarter has been an extraordinary quarter for global equities - fuelled by low interest rates and continued quantitative easing across the US and Europe and the world learning to live with Covid. Central banks revisited acceptable inflation numbers and signalled their comfort with a higher benchmark. Investors are...