Recent weeks have presented a clear picture of weakening global markets. The S&P 500 (CASH) has struggled to break above the 4,800 barrier for a month, indicating potential headwinds and a possible shift in market sentiment.
As with our earlier warnings regarding the Indian market, we advise investors to exercise caution and avoid getting trapped in long positions at currently elevated levels. While certain segments may present opportunities, a broader pullback cannot be ruled out.
Indian and US market may show recovery from lower levels of Thursday but until when???
Please note that Annual Letter 2024 will be available to you on Friday.