Are we at the cusp of a correction ?

Many people are waiting for interest rate cuts, thinking they will boost the market. However, . ..


22 July 2024 · Monday

Good evening, WeekendInvestor

Today’s Daily Byte

We are right there; the budget is tomorrow, and the economic survey was tabled today. The economic survey, always presented the day before the budget, assesses the entire economic growth, prospects, and situation, providing a basis for the budget proposals for the next year. Some concerning points were raised

Now, let’s discuss what was said in the economic survey and the expectations for the budget.My guess, purely speculative, is that . . . .

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Are we at the cusp of a correction ?

Many people are waiting for interest rate cuts, thinking they will boost the market. However, historical data, especially from the US markets, shows that rate cuts often signal a market top.

Looking at past data, we see a clear pattern.. . . . .

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Young India leads!

Interesting data from the NSE (National Stock Exchange) shows the rapid growth of young investors in the market. From March 2018 to May 2024, the share of registered investors under 30 years old increased from 23% to 40.1%.

This surge happened especially after the COVID-19 pandemic, with a significant jump each year. This indicates a doubling of young investors in just six years.. . . . .

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Don’t neglect stocks due to high PE ratios !
Gold allocation in your portfolio should go up

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