💼Historically September has been a weak month for global markets. This has been true for the last four years. Going by early trends, this might again turnout to be true this year, too.
💼The selloff in US markets yesterday was triggered by growth concerns. There are indications of US manufacturing moving into contraction thereby threatening the soft landing expectation, which has been the pillar of support for the mother market US and consequently for other markets, too.
💼Now there is a small question mark about this scenario. More data is needed to confirm this trend.
💼The buy on dips strategy that has been working well in this bull run may play out this time, too.
💼Retail investors waiting for a correction are likely to jump in on dips. Will the trend sustain remains to be seen.
💼In the present stage of the market where there is no valuation comfort in the broader market, quality largecaps offer safety to long-term investors.
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Posted on : 04 Sep 2024 10:24 AM
