Bulls are pumped up, looking at the news flow and how the futures of both Indian and US markets are behaving after the weekend news flow.
1. Ceasefire understanding for now between India and Pakistan
For many, this news felt like Anticlimactic, but for markets, this is good news for now. From what we have seen in the past, it doesn’t end so quickly so market may have to most likely deal with the continous news flow for months to come if not more. But for now, Markets will cheer a little less uncertainty
2. US-China trade deal ?
Details about the deal about a possible trade deal is out but looking at the track record of Trump and China, My hunch is this is far from over. Let’s see how it will play out in the coming days. Not so surprisingly, US stock markets are cheering this news but the Bond yield are not impressed even a bit and have infact gone up.
What the world needs to track going forward is bonds more than stocks !
Trump orders that Pharmaceutical prices will come down by 30-80% immediately
Keep an eye on Pharma stocks. The reaction will tell us a lot about how big the impact can be of this news.
If you find any interesting news for this week , lets share it on this thread