Jefferies’ Chris Wood sees fresh US-Iran tensions as biggest risk to India, sees this sector as the best hedge

In his latest GREED & Fear report, Chris Wood said that the AI thematic investment standpoint has peaked, leading to a growing desire to look at non-artificial intelligence trades on the part of portfolio managers. But in emerging markets, the obvious market to benefit from the reverse AI trade has been India, most particularly with the recent disappointing election result in Brazil, he said.

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