Market outlook as on Jun 17, 2022
Mr. S. Naren, ED and CIO ICICI Prudential AMC shared his outlook on equity and Debt markets. Following are the summarized pointers: Market Outlook 1. Central bank Bull Market has ended and now we have a central bank bear market at hand. In the central bank bull market, it pulled stocks too much above their fair value, in the central bank bear market, it will pull stocks too much below their fair value. When this bear market will come to end? The moment US FED Chair Mr. Jerome Powell will stop further rate hikes. No one exactly can predict when this will happen. Equity Markets have not reached a point of maximum pessimism yet, but the Indian debt market is closer to the same. Owing to this, debt and MFs will become an interesting asset class. Global markets witnessed more sell-off compared to Indian markets in light of recession fears growing post the move by central banks across the globe to lower the rising inflation. US Federal reserve takes its largest rate hike since 1994. Val...