Markets Outlook: Global Equities May Rally, But Is India Near A Final Bounce Before Bear Phase?

Global equity markets could perform well over the next two to three months, potentially giving Indian equities an opportunity to catch up. Amit Goel, Co-Founder & Chief Global Strategist, Pace 360, believes investors should remain cautious as markets may see a final rally before a broader bear phase. He also sees long-term sovereign bonds as attractive and says his portfolios are gradually adding duration over the next eight to ten weeks. Current market weakness should be viewed with a pinch of salt, as selling can sometimes precede a positive move. The broader macroeconomic picture will remain crucial in determining the market’s eventual direction.