Market perspective by Dr. Joseph Thomas, Emkay Wealth Management
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Below The Market Perspective On Dr. Joseph Thomas, Head of Research, Emkay Wealth Management on the markets.
“The markets after a big leap in the last few weeks has turned a bit weary of the heights and moved lower by end of the week. The data points emerging from the US giving stronger indications of a likely rate action from the Fed in its next meeting led to a slump in the overseas markets yesterday. There is a narrative that is emerging that inflation might be more persistent than it is thought to be at this juncture, going by the conditions that prevail in the US as also Europe, and the consequent rate action will be north-bound. This will have its impact causing some turbulence in the immediate term.”
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