Morning Market Quote : A lower than expected CPI number will be a trigger for a rally in markets globally Says Dr. V K Vijayakumar, Geojit Financial Services
Quote on Morning Market 10 November 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The market is delicately poised awaiting the crucial US inflation data expected today. A lower than expected CPI number will be a trigger for a rally in markets globally. Conversely, if the inflation print is higher than expectations that can trigger a renewed risk-off in markets. So investors should watch out for this crucial data.
An important event unfolding in the market now is the ending of the lock-in period of some new-age tech companies. Some of the initial investors in these famous start-ups, who invested early at low prices, may choose to exit. The consequent high volatility can provide opportunities for long-term investors. Even though it is difficult to value many of these stocks, they have a long runway of growth and the successful ones will turn out to be big wealth creators. Watch out for this opportunity."
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