Indian equity market’s resilience may be a signal that a new investment cycle is nearer at hand than the consensus thinks, said Christopher. Markets are now driven by politics instead of central banks, according to Christopher Wood, an equity strategist at investment group CLSA. ABOUT Christopher Wood. Christopher worked at ABN Amro Asia and Deutsche Morgan Grenfell before joining CLSA in as global strategist for Emerging.
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Christopher Wood (financial analyst)
In the short term, it depends on whether you believe there is going to be a trade deal at the G summit or not. If, however, I am wrong and there is no trade deal between US and China, christophsr it is just bearish. Wood said this would mean that the stock market will be much more resilient to monetary tightening and a higher oil price than currently assumed.
I did not know that was going to happen but Clsw am retaining my double overweight. I reduced it to double overweight. In my view, the residential property markets are still in an early stage of recovery after an extended downturn. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
There is a looming fear of trade war. Find this comment offensive? China is more interesting in christopheer short term than India: This will alert our moderators to take action Name Reason for reporting: This will alert our moderators to take action. Clearly, growth is going to slow in that area as a result of the shock waves from the triple A credit chriztopher.
It is a positive because foreigners have been selling and that is just playing good news because it makes the stock market much more resilient.
Asia is the market that has been hit most by the so called US-China trade war. Are you confident that the capex cycle has picked up or is about to pick up in India? Wood said Indian market has been resilient as the country is primarily a domestic-driven economy, which has much less exposure to trade concerns driven by US President Donald Trump. Wood said Indian market has been resilient as the country is primarily a domestic-driven economy.
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Drag according to your convenience. In October, we saw some renewed inflows into the bond funds after the big stampede out of them in September.
That has made it harder to woood the data series. A non-BJP government in not impossible: Are we in for tough days, better days or flat days for equity markets? So in the two-month view, it is all about the trade war but if I am right, we get some kind of trade deal between US and China, there will be a counter-trend relief rally. But that trend has been very strong and domestic institutional investors are still pouring in money via the SIP route.
The problem from macroeconomic christolher point is that all the top-down data in India has been heavily distorted by the two events of demonetisation and second structural reforms in case of GST implementation. In my view, the Chinese economy is still okay and Wooe believe Emerging Market outperformance can resume and next year from an Indian standpoint, we will finally see concrete evidence of the long-awaited capex cycle in India.
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NIFTY 50 10, 2. The Sensex is up My Saved Articles Sign in Sign up. Choose your reason below and click on the Report button. Foul language Slanderous Inciting hatred against a certain community Others. Chriatopher miss a great news story! Drag according to your convenience.
CLSA’s Christopher Wood Takes Aim at BoJ Chief – Barron’s
It would also mean that any correction will be a buying opportunity, said Wood. But the key issue right now is not christo;her equity funds, it is the bond funds given what happened on the NBFCs.
In a note in February, immediately after the budget, you had raised concerns that after the imposition of capital taxes, the domestic inflows into equities will slow down. You have always been a long-term believer in India.
So how does this change the equation for markets and especially for liquidity? To see your saved stories, click on link hightlighted in bold.
The pleasant surprise this year has been the equity inflows have been maintained to a greater degree than most of us were expecting.
Read more on Indian Stock market. You have always been very positive about Indian HFCs.