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- A bull for a bear (Gold and USD, FAANG and Argentina) I Stagger out of eq before a goal
A bull for a bear (Gold and USD, FAANG and Argentina) I Stagger out of eq before a goal
Weekly Insights and Impact
Vivek B
April 20, 2025
Nifty Bank/Gold and Argentina – at all-time highs, while the Dollar Index, FAANG stocks are down and out
Our call of 1 lakh on Gold is almost there (Though at this point we DO NOT ADVISE incremental allocation to gold other than as a hedge and up to a max of 5% of the portfolio, as we always have believed in staying away from the herd and euphoria). Private Banks as well, we have been advising for a long time (just that our call took longer than expected to play out).
• Interest rates collapsed as debt funds had significant gains last week.
• Banks have cut deposit rates across.
• HDFC Bank had good results over the weekend as tech results were atrocious (We highlighted earlier this year on our negative view on tech and continue to be negative – it will take some more corrections we believe for value to emerge there, if at all).
• On Indian markets once again to reiterate we don’t know if the bottom is formed but we expect the bottom to either have already been made/or will be made within this quarter, and hence a great year for doing aggressive SIPs/STPs in flexi/multi cap funds.
• We remain wary on Gold in the very immediate future (as mentioned above).
I opine in ET Wealth - Why exiting equities much before a goal approaches in a planner manner is super critical especially in case of non flexible goals
