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Last week, I blogged on the theme of the recent shifting narrative in the money and bond markets. One of the key catalysts behind this changing dynamic came from two inflation readings (CPI & PPI), which revealed that the ‘cooling’ effect that had been on display in Q4, had been dialed back a bit to begin 2023.
Indian equities have started the year on weak footing (up 0.26%1) compared to global equities (up 7.22%).
Now for the $64,000 question (not adjusted for inflation). Is a recession inevitable given the inverted nature of the UST yield curve?
In the 10+ years following the great financial crisis, U.S. companies with high growth potential dominated global equity markets.
One thing that 2022 made clear was that access to semiconductors might be key to unlocking further participation in the world’s economy.