Best 3 months of the Year!

Today’s Daily Byte

Today was another exciting day, with PSU banks making a notable comeback. This is the highlight for me today. Let’s dive into the details.

PSU banks, especially SBI, have shown a strong performance with a clear inverted head and shoulders pattern forming since April. SBI, often considered the benchmark for PSU banks, broke out of this pattern towards the end of April, targeting approximately

Reading Time : 4 Minutes

Best 3 months of the Year!

A recent study by Bank of America Global Research, using data from Bloomberg, reveals interesting insights about the S&P 500’s performance during U.S. presidential election years. With the current year, 2024, being a U.S. presidential election year, it’s worth looking into these findings to understand potential market trends.

The study examines the average returns for different three-month periods during presidential election years, dating back to 1928. . . . .

Reading Time : 2 Minutes

Rise of India in the current century!

A fascinating graphic from Ray Dalio’s book shows the relative standing of great empires over the last 600 years. This chart spans from 1500 to the present, tracking the rise and fall of various economies. The scale runs from zero to one, indicating how well each economy performed relative to others. It reveals a lot about the shifts in global power over the centuries.

Let’s see China’s Dominance and Decline. . . . .

Reading Time : 3 Minutes