Everyone is lauding the size of the massive economic stimulus package . However, the wally that we saw in the markets has completely fizzled out. What is your thesis?
The market’s reaction today is more global. The US Fed gave a warning about recession and that has spooked the global markets and we are also a part of that. While the economies are not that connected, the markets are absolutely very well connected. So short-term market movement will always be based on news flo ..