💼 Trump 2.0 has kicked off without much clarity on Trump’s likely economic decisions.
💼 In his inaugural address, he was clear on immigration but sounded vague on tariffs.
💼 The indication of a likely 25% tariff on Canada and Mexico suggests that the tariff hike policy will be implemented gradually.
💼 The currency market has reacted with a cut in the dollar index to 108.43 and the 10-year bond yield has declined to 4.54%.
💼 This is the classic case of ‘buy on rumours and sell on news.’
💼 It is likely that further delays in tariff hikes will weaken the dollar and bring down the bond yields. If this happens, it will be good for emerging markets like India.
💼 But if the FII flows to India are to turn positive consistently, we will have to see a pickup in India’s GDP growth and corporate earnings. That’s the crucial macro data to watch.
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Posted on : 21 Jan 2025 10:33 AM
