Morning Market Quote : The trend of strong US macros weakening emerging markets is continuing Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

2025-01-08 11:03:21 am | Source: Geojit Financial Services Ltd

Morning Market Quote : The trend of strong US macros weakening emerging markets is continuing Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

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Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

"The trend of strong US macros weakening emerging markets is continuing. The US 10-year bond yield has spiked to 4.67% on better-than-expected jobs numbers and indications of the services sector doing very well. This means the Fed may hold rates in January leading to further strengthening of the dollar and rising bond yields. The fall out of this on the Indian macros is that the RBI may hold rates in February against the market expectation of a cut. In this macro setting, FIIs are likely to continue selling, putting pressure on the market. Large caps, despite fair valuations, may continue to be on the defensive.

Investors can take a slightly long-term view of the market and buy largecaps in financials, IT, pharmaceuticals and select autos. These segments will bounce back in a few months when macros turn positive for India."

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Morning Market Quote : The trend of strong US macros weakening emerging markets is continuing Says Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

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