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100%
u/Neither-Side-241
12 hours ago
Discussion
Am I wrong?
\\-Defaltion in China is increasing which is bad for equities
\\-Usa jobs were less than estimates so fed can't hike rates
\\-Oil trading in 83-85$ range ,leading to inflation and Warsh's zero tolerance for inflation makes room to hike .
This results in stagflation phase where equities hit hard and money gets pumped to safe assets like silver and gold.
\\- Elevated p/e for S and P 500 (pending correction )
And Democrates sweeping senate leading to uncertain fiscal policy in USA makes S And P 500 correct for 10%(to make neutral p/e) leading nifty fall by 5-7%.
\\- 23500- 22800 is the level am expecting by Novemeber mid.
\\-At this level India becomes super attractive based on October results and we may see a new ATH by 2027 mid.