⦾ Fed cut rate but no impact on markets

⦾ No money for AI boom, the message from $AVGO 10% drop

⦾ Silver at ATH

⦾ Indian equities still not ready

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Global Markets

YTD Performance

Markets are still not ready and get easily spooked.

$AVGO dropped 10% on Earnings is a big sign that investors are still not confident about AI.

3-Macros

$₹ / Gold / Oil

We look at the 3 Macros that affect Indian market viz., $₹ / Gold / Oil

USD/₹ : ATH

Gold : ATH

Oil : sideways

The Market

CNX500

CNX500 : Weekly Chart

We are now into the 8th week

We’re in a 10,000 point massive Flag & Pole.

Tracking Leadership

Indices, Sectors, Industries

We track leading indices on YTD basis and Leading Themes on Sector and Industry Level

YTD Leaders : Psubanks, Defence, Auto

Leading sectors : Telecom, Indices, Banks

Leading industries : Engines, Auto, Aluminium

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Investment ideas for next week

Indian Market still not favorable for investing so nothing to do next week in Equities.

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Your job as an investor is to find the next apple and handle it well.