Morning Market Quote : Investors need not rush in to buy the dips, particularly in mid-and small-caps Says Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 28 June 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"Markets are trying to gauge the extent of the growth slowdown in the US, which is already underway. One view is that since the Fed policy will be data dependent, the Fed might go slow on rate hikes and QT if incoming data allows that. The decline in metal prices is a positive development from this perspective. But Brent crude again rising above $ 116 is a negative.
There are many headwinds for the recent rally to sustain. FIIs will continue to sell at rallies. Therefore, investors need not rush in to buy the dips, particularly in mid-and small-caps. Systematic calibrated buying in high-quality large-caps would be a better strategy now."
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