As Howard Marks brilliantly puts this across in his recent newsletter,“The more you want to garner potential gains and don’t mind mark-to-market losses, the more you should invest here. On the other hand, the more you care about protecting against interim markdowns and are able to live with missing opportunities for profit, the less you should invest.” … [Read more...] about Equity investment – should we invest all at once or in a staggered manner?
Suspect at trump rally
Last week, the bullish candlestick pattern called “piercing line” has been witnessed at the support level after the mild retracement. Also, during the phase of the recent sharp up move, the currency pair was trading far above from its 20 day moving average which acts as equilibrium for demand and supply in the short term. Recently prices have taken support at 20 DMA suggesting that resumption of the up move had been witnessed. … [Read more...] about USD/rupee may go up further towards 78; here’s how you can trade this week
First, the month of March typically sees redemption from companies for advance tax payment purposes. This only got accentuated as companies also needed liquidity, as cashflow was coming to a standstill with the lockdown. While normal redemption is something that fund houses gear-up for, unanticipated redemptions can result in fund houses selling instruments at sub-optimal rates, triggering spikes in yields and dips in prices. Short-tenure instruments such as certificates of deposits and commercial papers saw a jump in their yields.Second, a dried-up bond market, with most dealers not being able to work optimally (or having to do so from home), also meant poor liquidity and pricing.Third, a pandemic of the nature that we are experiencing now, not only causes panic in equities, but also does so in the debt markets. This resulted in FPIs selling debt instruments as well. By March 22, FPIs had turned net sellers in the debt market, selling Rs 46,962 crore month-to-date, higher than even … [Read more...] about RBI rate cut: Debt fund categories that look attractive now
New York Governor Andrew Cuomo said on Sunday that new hospitalizations had fallen by 50% over the previous 24 hours. He cautioned that it was not yet clear whether the crisis was reaching a plateau in the state, which has a total of 4,159 deaths and more than 122,000 cases. … [Read more...] about Coronavirus pandemic | US braces for ‘hardest’ week as COVID-19 deaths mount
* British Prime Minister Boris Johnson said he was remaining in isolation with mild symptoms, seven days after he was confirmed to be infected. Britain's health minister said the curve of deaths could peak on Easter Sunday. Queen Elizabeth will make an extremely rare address to the nation on Sunday. … [Read more...] about Coronavirus pandemic | Latest on the spread of COVID-19 around the world