An interesting take on War prospects by sales of Pizzas around the Pentagon
• Markets cracked globally due to the severity of the Iran-Israel war.
• Gold continues to move higher, even as it has now become the 2nd most held reserve asset globally, surpassing the Euro. The combined holdings now are close to the 36k-38k tonnes mark, which was in the mid-1960s. This will continue to provide a cushion to Gold prices and with Trump's failure in curbing global geopolitics, this could keep moving higher.
• Pharma and Tech were the only sectors which are largely positive last week - we are bullish on pharma, but tech only as a dead cat bounce after the massive fall over the past 6 months.
• The dollar index which had risen to 100 odd has gone back to 98 levels.
• The immediate few weeks look dicey due to the enormity of the war plus as we mentioned last time, Russia also sooner or later would pounce back on Ukraine. The next few weeks could provide interesting opportunities to participate and investors can keep dry powder ready to pounce - levels < 24k could be good to start investing lump sums, and < 23k if that comes to go in large bites.
My article for APN News on how startups help Indians simply their financial lives if used correctly
