Mr. Modi also said the Centre’s policy is to either monetise or modernise public sector enterprises, with the intent that the government has “no business to be in business”. Prime Minister Narendra Modi on Wednesday said the government has no business to be in business and his administration is committed to privatising all PSUs barring … Read more
David Hunter, the chief macro strategist at Contrarian Macro Advisors and a 47-year market veteran, says a 75% sell-off is in store for stocks in early 2021 following a final “melt-up.” He predicts an economic bust, and that subsequent responses from central banks would lead to mass inflation. Hunter also says gold will surge to … Read more
Jefferies says profit margins are indicating at least one extra quarter of improvement is ahead for stocks. The “shock drop” in margins in the second quarter is rebounding just as quickly as the third quarter earnings did, the bank’s equity strategist said. He added that the lack of a blue wave election outcome and subsequent … Read more
Equity allocations have rebounded to their highest levels in two years at 47% of total financial assets, just below the tech bubble peak, which sat at 51%, said Goldman Sach’s equity analyst Arjun Menon in a recent client note. Menon and his colleagues in the portfolio strategy research team released a new report exploring existing … Read more
Driven by industries like pharma, fast-moving consumer goods, education and IT, hiring activity in India saw a growth of 24 per cent in September compared to the previous month, according to a new report by job portal Naukri on Monday. Further opening up of the economy with unlock measures and increased mobility has led to … Read more
The inflation surge seen four decades ago kicked off “a fabulous ‘disinflationary,’ two-decade performance in both the economy and the stock market,” he wrote in a recent note. With policymakers setting the stage for a rise in inflation, the US is on track to usher in a similarly fruitful expansion, the strategist added. Detailed below … Read more
The topic of the meeting is ‘Final discussion on GDP growth, tax buoyancy of the Centre and the States, GST compensation, revenue deficit grant and fiscal consolidation’ The 15th Finance Commission will hold a meeting with its economic advisory panel on Friday to discuss issues of GDP growth, GST compensation and fiscal consolidation. Chairman N.K. … Read more
One stock market indicator shows investors haven’t been this bullish in at least 15 years, according to Goldman Sachs. Short interest in the S&P 500 has fallen to its lowest level since at least 2005, as the stock market hits record highs despite underlying weakness in the economy due to COVID-19. While short interest is … Read more
At first read, the presented arguments may sound counter intuitive. However, think carefully and you might agree.