How Fed has reacted in past emergencies

Lets Celebrates Mi India Top 10’s Anniversary !

Mi India Top 10 has been a much loved strategy right since it was launched two years ago.

As a part of the strategy's Second Anniversary, we are offering a special 20% discount valid only for a short period.

Code : TOP20

Discount : Flat 20%

Validity : Till end of 09 Aug 2024 (Friday)

Reading Time : 4 Minutes

Today’s Daily Byte

The market remains edgy today. We opened higher, but the gains couldn’t be sustained throughout the day. The results have been mixed, and overseas cues are also uncertain. While the Nikkei was up, the US markets were slightly soft, and futures indicate a similar sentiment. It’s unclear if the market has fully recovered from the current situation, so we remain in a wait-and-watch mode. We’re now at the lower edge of this recent fall, as I’ll show you in the charts shortly. One more piece of bad news could push us even lower.

Today, the RBI announced its decision on interest rates following the Monetary Policy Committee (MPC) meeting. They decided not to change the rates. We’ll discuss whether they should have cut rates in the second half of this video. However, some positive aspects of the economy were reiterated during the RBI meeting, which should provide some confidence moving forward.

Reading Time : 4 Minutes

How Fed has reacted in past emergencies

Throughout history, the Federal Reserve has stepped in with emergency rate cuts during times of crisis. These emergency measures are often taken when the market is in a free fall to provide liquidity and stabilize the economy.

For example, during the COVID-19 pandemic, the Fed made two significant rate cuts in March 2020. On March 3, they cut the rate by 50 basis points, followed by another 100 basis points cut on March 15. These cuts aimed to calm the markets and provide immediate relief . . . .

Reading Time : 3 Minutes

USD ETF returns 2024

A recent chart from Charlie Bellelo shows a remarkable performance by India in USD terms. Among various ETFs normalized in US dollar terms, India has climbed to the third position, showcasing a year-to-date return of 12.4% for 2024.

This is a significant improvement, highlighting India’s strong market performance compared to other countries. The US stands at number five with a 9.5% return, indicating steady growth but not as impressive as India’s.. . . . .

Reading Time : 3 Minutes