Latest news with #RiteshSamadhiya
CNBC
20-05-2025
- Business
- CNBC
The S&P 500 could soon return to record highs as sentiment improves
For the moment, it seems stocks can't be stopped. The S & P 500 eked out a small gain on Monday, extending its winning streak to six days after reversing a decline sparked by a Moody's downgrade of the U.S. debt. The advance added to the benchmark's rebound off the lows that followed the April 2 tariff announcement. Since reaching an April 7 intraday low, the index is up more than 23%. Easing tariff rates and improving investor sentiment fueled the gain. What's next, if history is any indication, is an extension of this bounce — which could take the S & P 500 back to all-time highs. Bank of America noted that its Global Equity Risk-Love Indicator has bounced from "deep panic readings" in early April back to neutral. Strategist Ritesh Samadhiya noted the indicator has swung from panic to neutral 32 times in the last 38 years. He added that in only four of those instances did sentiment fall back into panic levels — "while in all other episodes, it rose further to euphoric levels." "Washed-out sentiment, followed by marked improvement in market breadth against a backdrop of monetary easing, has historically been associated with a continuation or formation of a new bull market. While history is not a perfect guide, the weight of the evidence suggests that markets may continue to climb higher," Samadhiya said. .SPX bar 2025-04-07 S & P 500 since April 7 The S & P 500 ended Monday's session just 3% below its record closing high of 6,144.15. To be sure, megacap tech — which has led the market rebound back toward record highs — could lose steam near term. DataTrek Research co-founder Jessica Rabe noted that the iShares MSCI USA Momentum Factor ETF (MTUM) has outperformed the S & P 500 by 10 percentage points this year. Historically, momentum has lagged the broader market index following periods of such strong gains. "When Momentum has beaten the S & P by at least 10 points over any given 100 trading day holding period as it has just done, it has gone on to underperform by an average of 3.8 points over the next 100 days," Rabe wrote. "Further, its win rate (positive forward 100-day returns/total) is just 19 percent."
Time of India
15-05-2025
- Business
- Time of India
India emerges as top Asian market choice for fund managers
In the fund manager survey, 42% said they are overweight on India, followed by 39% for Japan, and 6% for China. Thailand fared the worst. A total of 109 panelists with $234 billion of assets responded to the survey's regional questions. Tired of too many ads? Remove Ads India has replaced Japan as fund managers ' top Asian stock market pick, as the South Asian nation is likely to benefit from supply chain shifts amid global trade tensions , according to BofA Securities ' latest monthly the fund manager survey, 42% said they are overweight on India, followed by 39% for Japan, and 6% for China. Thailand fared the worst. A total of 109 panelists with $234 billion of assets responded to the survey's regional questions."India emerges as the most favoured market, perceived as a likely beneficiary of the supply chain re-alignments following the effects of tariffs," strategists including Ritesh Samadhiya wrote in a May 13 note. "In India, infrastructure and consumption continue to be the primary themes that investors are keenly monitoring."The findings support recent market trends in India, where stocks have rebounded since President Donald Trump's chaotic tariff rollout on April 2. The tariff-driven volatility in global markets has driven investors to deem India as a relative haven given its heavier dependence on domestic consumption over Nifty 50 Index , has outperformed many of their Asian peers.
Malaysian Reserve
14-05-2025
- Business
- Malaysian Reserve
India is now most favored Asian stock market, BofA survey shows
INDIA has replaced Japan as fund managers' top Asian stock market pick, as the South Asian nation is likely to benefit from supply chain shifts amid global trade tensions, according to BofA Securities' latest monthly survey. In the fund manager survey, 42% said they are overweight on India, followed by 39% for Japan, and 6% for China. Thailand fared the worst. A total of 109 panelists with $234 billion of assets responded to the survey's regional questions. 'India emerges as the most favored market, perceived as a likely beneficiary of the supply chain re-alignments following the effects of tariffs,' strategists including Ritesh Samadhiya wrote in a May 13 note. 'In India, infrastructure and consumption continue to be the primary themes that investors are keenly monitoring.' The findings support recent market trends in India, where stocks have rebounded since President Donald Trump's chaotic tariff rollout on April 2. The tariff-driven volatility in global markets has driven investors to deem India as a relative haven given its heavier dependence on domestic consumption over exports. India's stock benchmark, the Nifty 50 Index, has outperformed many of their Asian peers, with only Japan and Indonesia exceeding its performance since April 2. The Indian market has been pressured recently by a conflict with neighbor Pakistan, following an April 22 attack in Kashmir that killed 26 civilians. The countries agreed to a ceasefire on May 10, triggering a spike in their equity markets when the market opened this week. Indian companies' first-quarter earnings are also pointing to an improved outlook. Local stocks may rise another 7.6% from the current level by the end of the year, and analysts will largely cease downgrading their earnings, Sanford C. Bernstein strategist Venugopal Garre said in a report. 'We believe the markets are positioned well,' Garre said, citing improved liquidity, tax cuts and rural demand among the drivers. –BLOOMBERG
