Macro ideas | The Property Chronicle

Strategy ideas and macro risks in the Indian stock market

by Matein Khalid | Jun 11, 2018 | The Macro View

After a stellar 28% return in 2017, the BSE Sensex (down 2%) and the NSE Nifty 50 indices in India been a disappointment in 2018 to date. The emerging markets convulsions in May were compounded by the political shock for the BJP in Karnataka. The financial markets...

Market View – The Federal Reserve and the rise in inflation risk

by Matein Khalid | May 30, 2018 | The Macro View

Market View – The Federal Reserve and the rise in inflation risk The dominant theme of 2018 has been a rise in the bellwether ten-year US Treasury note yield from 2.40% to 3% amid fears on Wall Street that a rise in wage inflation and Trump tax cuts will force the...

GCC Focus – Saudi Arabian equities are global winners in 2018!

by Matein Khalid | May 17, 2018 | The Macro View

I had written an article titled “six reasons to be bullish Saudi equities in 2018, published in the KT on January 28. Yet I was surprised to see Saudi Arabian equities become the world’s second best performing stock market in 2018 after Egypt. The Saudi equity index...

Macro Ideas – Is Iraq the world’s next hot frontier stock market?

by Matein Khalid | May 10, 2018 | The Macro View

A dismal legacy of civil war, sanctions, insurgency, foreign invasion and terrorism has had a catastrophic impact on the Iraqi economy. Prime Minister Haider al-Abadi told the assembled global elite at Davos 2018 that Iraq needed $100 billion in postwar construction....

Market View – The case for profit taking in Indian equities

by Matein Khalid | Apr 20, 2018 | The Macro View

The Sensex and Nifty seem near a cyclical peak though the declines in Indian midcap/smallcap shares have been draconian. There is no doubt in my mind that, after a stellar 2017, investors sentiment in the Indian equities market is at an inflection point in April 2018:...