GoalTeller

January 26, 2025 | Read Online

Share of Global GDP

How the US has moved up from 22% to 26% over the last 15 years largely eating away from the European Union

• Finally, market participants especially ones who have started investing post-2020 our learning what a carnage looks like.

• Small Caps are now seeing bigger cracks than the large caps, though this still isn’t capitulation the likes of what has been witnessed many times in the past.

• 23k of the Nifty is just being held and seems a larger crack is inevitable – Unless a few of the following happen a) Substantial easing of global geopolitical tensions (Ukraine/Russia), b) A good budget with a personal income tax cut that spurs spending, c) Trump actions on trade tariffs and better than expected.

• Gold prices have moved to all-time highs as concerns continue on how the trade wars will play out (As we have mentioned 100,000 is a strong possibility during 2025).

• Cyient results tanked the stock by >20% on a single day on bad guidance (Perils of owning over-owned/hyped/new age/high valuation stocks – a similar situation had played out with Tata Elxsi and even Zomato now).

• Our view continues to be consistent about buying below 23k (all levels below 23k investors can deploy all the residual equity allocations over the next 3m), for levels between 23k and 24.5k one should stagger over 6m and stop beyond that.

• The stock markets is expected to remain open this Saturday (1st February) on a/c of the Annual Union Budget.