Editor’s Take: Anil Singhvi expects the US markets to show big move after May inflation data - Top points of what market guru said
In a special edition of Editor’s Take, Zee Business Managing Editor Anil Singhvi said, there is a tussle between money power and economic indicator in the United States, as the country is set to release its May inflation data today, which is expected around 4.7 per cent.
In a special edition of Editor’s Take, Zee Business Managing Editor Anil Singhvi said, there is tussle between money power and economic indicator in the United States, as the country is set to release its May inflation data today, which is expected around 4.7 per cent.
Singhvi said, the latest data shows that the inflation is between 4-4.5 per cent, whereas the Fed Reserve’s acceptable mark is around two per cent inflation in the country.
See Zee Business Live TV Streaming Below:
Despite the inflation being double than the Fed Reserve’s expectation, the US markets are trading near all-time high levels, added Singhvi.
Similarly, with rising inflation, bond yields should rise, however, bonds have fell for around one and half per cent 3-month low, defying the trend, this indication from bond market is likely boosting the confidence of US investors, the market guru added.
अमेरिकी बाजारों में कंसोलिडेशन क्यों?
बॉन्ड मार्केट से संकेत, महंगाई नहीं टिकेगी ज्यादा...
अनिल सिंघवी- निवेशक बाजार में जमकर पैसा डाल रहे, अगले 1-2 सेशन में बाजार में बड़ा मूव संभव...#EditorsTake #USMarket #StockMarket @AnilSinghvi_ pic.twitter.com/mdDr9wlHhy
— Zee Business (@ZeeBusiness) June 10, 2021
The US markets are already near all-time high levels, and has helped investors to make money and because of which they are in abundance of cash and ready to invest more, explains Singhvi.
This bond market trend points out that the investors should not be scared to May inflation data should and this will fade out eventually and inflation will be in control in some time, further explains Singhvi.
Similarly, once things are under control, the demand and growth would not only be maintained but also rise eventually, the market guru said.
Before concluding, Singhvi pointed out that the US markets would give a big move after May inflation data is released, as they have been mute or stale for some time now. He added, the chances of US markets continuing its bull run would be quite low after the inflation data announcement.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
01:17 PM IST