Is Defense the sector for the decade ?

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Today’s Daily Byte

We kicked off with a sharp gap-down opening today, triggered by a deep cut in AI and tech stocks in the US markets. This could potentially mark an interim top for AI stocks, with global repercussions being felt, including a significant 4% drop in the Japanese market. However, the Indian market showed resilience, bouncing back from the initial plunge

So, has AI really peaked? That’s the big question we’re tackling today. I’ll walk you through some key charts and narratives that have been shaping this discussion and explore how this might impact the Indian market

Reading Time : 4 Minutes

Is Defense the sector for the decade ?

One of the most consistent sectors in the U.S. stock market over the past 35 years has been aerospace and defense. This sector has seen a compound annual growth rate (CAGR) of 12%, outperforming the S&P 500, which itself has yielded a 10% CAGR. Many might assume that industrials would outpace aerospace and defense, but this chart from Bank of America proves otherwise.

Despite the ups and downs in the global economy, the defense sector has shown remarkable resilience and growth. . . . . .

Reading Time : 4 Minutes

What should be the real rate now ?

Gold and real interest rates have a close relationship that can tell us a lot about the economy. Real interest rates are calculated by subtracting inflation from nominal interest rates. For example, if the nominal rate is 7% and inflation is 5%, the real interest rate would be 2%.

This measure helps us understand the true cost of borrowing money or the actual return on investments after accounting for inflation.... . . . .

Reading Time : 3 Minutes