Show Me the Data: Equity Outlook Through Growth and Liquidity Lenses

Sentiment and technical analysts are bullish. Fundamental and macro analysts are bearish. This captured the tone among the sell-side research I read in the past three weeks. The equity market 15%+ bounce from mid-June low has made several strategists turned bullish on risk assets, believing that we have seen the low of the cycle. TheContinue reading Show Me the Data: Equity Outlook Through Growth and Liquidity Lenses

Where Is The Correction?

Download PDF: For over a year, investors have been rewarded for tilting their portfolio towards risk assets on the backdrop of plentiful support for households from the government’s generous fiscal transfer that supported spending and Fed’s support on the credit market, preventing a crunch in liquidity of the debt market. The unprecedented fiscal and monetaryContinue reading “Where Is The Correction?”