Market Quote : The underlying issue of the market is high interest rates Says Vinod Nair, Geojit Financial Services
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Below is on Market Quote 14 March 2023 By Vinod Nair, Head of Research at Geojit Financial Services
The selling continued while the degree of ambiguity over the US Banks reduced due to supportive measures announced by the US FED. The underlying issue of the market is high interest rates, which will continue to wreak havoc in the world economy. Yields will take time to moderate to the long-term trend given hawkish monetary policy & high inflation. However, the disruptive development in the US Banks and slowing economy have created a precursor to presume that yields will peak in the near future, supported by a change in monetary policy from hawkish to neutral, which will diminish the worries of long-term investors.
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