💼 December has been weak for equity markets globally, with S&P 500 down by 2.34% and Nifty down by 2.6%.
💼 Markets are preparing to move into the New Year with caution since uncertainty is high and valuations are stretched.
💼 The high U.S. bond yield and strong dollar will ensure that FIIs will continue to sell on every rise.
💼 DII buying will not be strong enough to take the market much higher.
💼 The fact is that even the DIIs and HNIs don’t have the conviction to accumulate stocks, except in certain pockets of fair value.
💼 Conviction to accumulate stocks will emerge only when macro indicators suggest recovery in growth and earnings.
💼 Watch out for the Q3 results starting from January 10th to identify companies reporting good numbers despite the growth slowdown.
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Posted on : 31 Dec 2024 9:12 AM