2022 was impacted by FII selling, Russia Ukraine war, high inflation, and a sharp increase in interest rates. We believe that inflation has mostly peaked and the pace of interest rate hikes will be lower in the coming months.
No longer magnificent? How Apple, Microsoft and other Mag 7 stocks are crumbling under AI pressure
The Magnificent Seven are underperforming as investors question whether massive AI spending will generate adequate returns. With $2.3 trillion erased in June, markets are shifting