Charles nasdaq and s p are in record territory as many momentum names like nvidia, tesla, they continue to soar because they keep getting upgraded as housing data blows away wall street consensus, adding fuel to my theory well see a housing boom this year. I have the pleasure bringing in two of the best. From kaltbaum capital management, Gary Kaltbaum and rosecliff capitals mike murphy. Gary, start with the momentum names. We know the maga names. Microsoft, apple, google and amazon. Own a bunch. Charles we know there is also tesla, got a new upgrade today over 900 a share. Nvidia, got an upgrade. This new tesla, virgin galactic, this stock is unstoppable. It is amazing you are excited. Charles i am excited. Very important to recognize were in one of these moments we dont see very often. Charles maybe that is why im excited. The eiffel tower look. Basically going straight up, they get piled on. No knows where they stop. I keep hearing tesla was done at 900. It could go to 2000. Virgin g
To global reflation. Equally important, the data out of china. Have a look at this bloomberg chart. Uptick were expecting an , but not this, 6. 3 , now back above 6 . Here is your base effect, steadying, and pick up right there. Bloomberg intelligence is telling us in a note is that it might the sentiment driven. Is it supply side . Partly. This could turn, but that the in said, if you did have to choose which industries are benefiting, look up stream, steel. Downstream, not quite. Upstream, steel and rebar prices, closely coal related. You can see where that one goes. Very interesting. We will be flushing out that story and a few moments in Market Reaction when markets open in hong kong and china in 30 minutes. In the meantime, singapore, taiwan, malaysia coming online. Sophie, currencies, but the equity markets so far. Sophie these are equity markets. Higher byeing led tokyo and seoul, korea. Some marginal losses for stocks in kuala lumpur. While stocks are higher, bonds falling, the
Where mutual funds invested in Q4: Check biggest holdings, largest buying, selling of Indian companies moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
The total assets under management (AUM) of mutual funds (MF) in India hit a record Rs 50.8 lakh crore ($609 billion) in December according to the data from the Association of Mutual Funds in India (AMFI).
Devina Mehra says: “We want to track the FII flows is because we think it determines the direction of the market. But if you actually look at data over years, over months, whatever cut you want to take, the FII flows have very little correlation with the market movement, in fact, none at all. I mean, this was the case even when the domestic mutual fund and the domestic retail investor community was not that large. ”