Money managers have become increasingly bullish on crude oil amid the geopolitical tensions in the Middle East and growing confidence that the U.S. will successfully avoid a recession this year
Buoyant global market conditions further contributed to the rally on D-Street, with the odds shortening on an early resumption to the rate easing cycle by the US Federal Reserve.
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S Naren says, “while macro is good, increasingly to what extent you will pay what valuation because if you look at many parts of the economy, there are many sectors in the economy which are growing much slower than before but while those sectors are growing slower, you are giving higher valuations now.