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Updated Feb 19, 2021 | 09:42 IST Chris Wood says GREED & fear is taking the inflation scare seriously in the sense that GREED & fear is anticipating the first really justified inflation scare in the American economy. Representational Image Key Highlights Chris Wood: First really justified inflation scare in the American economy, on the post-Covid re-opening trade, since the start of the 1980s. Chris Wood: Asian and emerging market face inflation risk from recent surge in soft commodity prices Chris Wood: Easily anticipate a US$100-plus oil price if the health fascists ever allow the world to reopen again Chris Wood of Jefferies in his weekly newsletter has written in-depth about the US bond market sell-off, inflation worries, rising commodity prices and rising oil prices. ....
A steady fall in Covid cases coupled with a sharp economic recovery in India has made Christopher Wood, global head of equity strategy at Jefferies reiterate his bullish view on Indian equities. In December 2020, Wood raised exposure to Indian equities twice in his Asia ex-Japan long only portfolio. “With Covid cases in India now 88 per cent off their peak amid growing hopes of herd immunity, India looks right now Asia’s best post-Covid recovery story,” Wood wrote in his weekly note to investors, GREED & fear. For the stock market to have a real nasty unwind at the global level rather than just a bull market correction, Wood believes there needs to be a catalyst in the form of an economic downturn or a material tightening in US Federal Reserve s (US Fed) policy. He ruled out the possibility of either of these catalysts materialising. ....