Snapshots that wow!
Set expectations, I will beat it- Mr. Market in 2023
The S&P 500 ended the year at 4,770, besting every major
Wall Street firm's price target by over 200 points. The S&P
500's actual price gain of 24% was over 18% higher than the
Source : Charlie Bilello
When everyone worries, problems come to an end!
The single biggest worry for the markets at the start of the
year- inflation- was tamed this year with all major economies
noting a lowering of inflation rate. Of course Argentina was
the exception to this norm.
Source: Charlie Bilello
Direct equity investor swings like a pendulum!
Over the last 13 years, the cumulative net inflow by
individuals in the market is nil. The surge in direct equity
investments in the cash segment witnessed post COVID is
simply the money that was taken out over the previous
But perhaps the metaphor of the pendulum has greater
bearing as the individual investor has chosen to do
participate in the equity markets through MFs, PMS, etc.
Source: NSE, hktg13
The decoupling of the American Corporate!
The outperformance of US equities vs. global equities has been
staggering. The question remains- With a flat lining
population growth, an ever increasing fiscal debt bubble, and
closing of liquidity taps- how long can this continue for? Or
our American corporates simply that ingenious!
“From the 1990s to the eve of the Covid pandemic, football
was in a long boom. The marriage made in heaven between
pay-TV and live football in the early 1990s brought vast
sums of money into the sport, and, for the following three
decades, every time the broadcast rights were up for
auction, the winning bid was higher than the last. When Sky
first won exclusive rights to broadcast live Premier League
football in 1992, it cost them £38mn per season. Seven
auctions later, they paid £1.8bn per season for the
2016-2019 stretch, a 40-fold increase. It was the same
story right across Europe, and this reliable and effort-free
source of revenue growth quickly became an implicit
assumption in football clubs’ planning. But then the
pandemic hit, and broadcasters reassessed. No domestic TV
rights package agreed since 2020 for any of England, Spain,
Germany, Italy or France’s top leagues has set a new high,
even in nominal terms.”
We are the world!
The most searched pages on Wikipedia suggest a strong Indian search bias. I guess we are the world!
Source: Wikimedia Foundation