Tag: Starting
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View: RBI will likely change stance to neutral starting early FY2025 only
RBI unlikely to change its policy stance in FY24 By Deepak Agrawal, CIO – Debt at Kotak Mutual Fund The macro-economic pitch has improved from the last policy. Global yield lowers, GDP growth for FY24 now projected at 7 percent and CPI inflation for April-December 2024 projected at 4.63 percent. Some segments of the market…
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S&P 500: Bullish, Unless – Week Starting 4th December (Technical Analysis) (SP500)
cemagraphics Holiday season is underway and the S&P 500 (SPY) is approaching the 2023 high after the fourth best November performance ever. Meanwhile, the 10Y yield has broken back below the significant level of 4.32% (the 2022 high) and markets have discounted around 100bps of Fed cuts next year. Goldman Sachs pointed out “the month…