Strap: Markets are sending out weak signals even as central banks get their act together to beat inflation. The other risk lurking is China's rising COVID cases that investors must guard against
Eventually, the situation will come under control but after active cases peak, which will take time. While China's situation is unfolding, did the fall in markets these past few days have anything to do with China's COVID spread? We don't know, but there seems little logic to that fear right now. If anything can be pinpointed to as a specific reason for the bearishness - a foolhardy task when it comes to markets - then it must be the hardening of stance by central banks. Suddenly, the picture brightens up, doesn't it? These phases will come and go. If you have some dry powder or are seeking to reallocate, then our research team has come up with their 2023's list of portfolio picks, comprising 19 names and has even assigned weights assigned to each of them. Extended trading hours for stock exchanges is an idea whose time has come. India overtakes China in M&A fees for western banks for first time.