Pavan Sharma

Global markets plunged overnight, with the US market (S&P 500 Index -5.9%) suffering its biggest one-day pull-back in three months. There is also likely some profit taking given the recent rally. This was very evident in a sharp reversal of sectors which

Global markets were choppy overnight, ending lower (with the US market S&P 500 Index -0.5%) after the US Federal Reserve released its latest policy statement.

Interestingly, nearly 300 stocks in the S&P 500 index are now trading at prices that exceed their consensus analyst 12-month price targets, and we think that markets are pricing in a “near perfect” recovery, and not much downside risk at the current junct

The stock was at its peak on 20th February this year at $342.28. The Covid 19 Sell-off reversed the stock to $242.64 levels in March. Later the market wide recovery in April was not long lasting for CSL. Moreover, the recent trading update was not as expe

There has been no fresh news to break the rally, as investors become increasingly optimistic about an economic recovery as covid-19 related restrictions start to ease across the states and around the globe.

US stocks jumped and Treasuries fell after a jobs report that far surpassed analysts’ forecasts bolstered expectations for the economy to rebound quickly from coronavirus lockdowns.