Hints and tips:
...Dhaval Joshi of BCA Research argues that Chinese residential property is massively overvalued....
...He also spoke to analysts at S&P Global, who this week reaffirmed their A/A-1 rating on the bank despite uncertainty over the strategic revamp and speculation it may need to raise more capital....
...The rise in the S&P 500, says Dhaval Joshi, chief strategist at BCA Research, has been driven by “euphoria in a handful of megacap AI plays”....
...of rating agency S&P Global....
...As global treasurer, Joshi had a correspondingly low profile at Deutsche Bank....
...Credit rating agency Moody’s Investors Service recently downgraded the bank, while S&P Global Ratings changed its outlook to negative....
...“The Chinese look at the US as their peer competitor,” says Joshi....
...Joshi Dhaval: The only way to escape stagnation/recession in 2024 is to lose the fight against inflation....
...Dhaval Joshi of BCA Research offers a different argument against Tips yields as a real yield proxy....
...Dhaval Joshi: Depends on the depth and length of the recession....
...“Bursting the mania in areas of tech while keeping the stock market largely intact would be a perfect scenario for the Fed,” said Dhaval Joshi, chief strategist at BCA Research....
...“Unlike tech, the healthcare sector rally is being driven by profits, not by a valuation uplift,” said Dhaval Joshi, chief strategist at BCA Research....
...Dhaval Joshi at BCA Research argues that unlike sector-dominated equities, currencies “have a much stronger connection with domestic economics and politics”....
...Dhaval Joshi: Covid will become an endemic disease like the flu....
...It belongs to the Bollywood star-turned-entrepreneur Sachiin Joshi and has been designed by Gauri Khan, film producer, interior designer and wife of the superstar actor Shah Rukh Khan....
...Healthcare fits the bill for some investors and that also has implications for the future performance of regional share markets, a point that Dhaval Joshi at BCA Research often highlights....
...Dhaval Joshi at BCA Research says tech’s “haven” or defensive qualities reflect in part how the composition of the group ‘‘has flipped from hardware dominance to software dominance....
...Dhaval Joshi at BCA Research highlights the importance of low government bond yields in determining the performance of equity sectors....
...Leading the way has been large-cap US equities, with the S&P 500 index having now retraced half its decline from its February peak....
...It is a divergence that matters a great deal, argues Dhaval Joshi at BCA Research....
...In broad terms the S&P 500 is getting closer (about 2 per cent above last Friday’s close), but bank and transport benchmarks have sliced through their recent floors....
...As for life outside the EU, Dhaval Joshi at BCA Research predicts another round of Brexit tension looming for UK assets before the year-end....
...The S&P 500, also down a quarter from last month’s record high, is still some 7 per cent from testing its nadir of 2018....
...The Covid-19 vaccine(s) will prove a shot in the arm for both the UK economy and its peers....
...One to watch particularly as the S&P 500 index seeks a new record high as the current earnings season picks up. Your feedback I’d love to hear from you....
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