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Below is quote on Morning market 17 June  2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"The dominant theme impacting equity markets globally is the synchronised global monetary tightening and the consequent fears of economic slowdown. The probability of the US slipping into recession is much higher now. Markets are discounting these concerns. The PE of S&P 500 is now around 16, close to the long-term average. Europe is trading at around 11 times. Markets will bottom out earlier than the economy does.

In India, valuations have declined, but are even now above long-term average. So, FPIs will continue to sell, capping a relief rally which can come any time.

It is impossible to predict the market bottom. Ideal Investment strategy now should be calibrated buying in high quality growth stocks. Mutual fund SIP investors can consider increasing the amount of investment."

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