Market is 'getting ahead of itself' on Modi victory: Strategist

As Prime Minister Narendra Modi has declared victory for his alliance in India's general election, Global X ETFs Senior Portfolio Manager and Head of Emerging Markets Strategy Malcolm Dorson joins Market Domination to discuss the outcomes for the country's economy.

And now as we're seeing real numbers come out this morning, it looks like the margin of victory was much smaller, meaning that we're going to move forward with the coalition government.I mean, it seems from what I'm reading that some of the implications are that um maybe there was some dissatisfaction with the vast inequality, economic inequality that's going on in India.

If it was a sign from God, it was a little on the nose.A trailer decked out in MAGA merch that reportedly belongs to two Trump superfans was totaled in a traffic accident on Staten Island on Sunday, with the vehicle crashing into a utility pole just hours before a rally for the former president was set to kick off nearby.A video of the aftermath taken by a bystander shows the damaged bus at rest on the street, “Trust Jesus” and “Let’s Go Brandon” posters littered around its shattered windscreen.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bull market 'still very young,' driven by strong earnings: market strategistOne market strategist says earnings are continuing to power recent gains in equity markets.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

'Growth-oriented market' ahead: StrategistUS Equities (^GSPC, ^DJI, ^IXIC) saw mixed trading on Tuesday as investors gear up for key economic data and speeches from Federal Reserve leaders later this...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Strategist talks bond market appeal ahead of Treasury auctionThe US Department of the Treasury is holding a record-breaking auction this week, with $125 billion worth of Treasury notes and bonds up for grabs. To...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Short-term market dynamics are 'relatively narrow': StrategistChip stocks have captured the attention of investors after becoming the heaviest-weighted sector within the S&P 500 (^GSPC) for the first time in history...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Why Nvidia earnings couldn't sustain market rally: StrategistMarkets are slightly rallying (^DJI, ^IXIC, ^GSPC) as they recover from recent losses, defying the expectations of investors who hoped that Nvidia's (NVDA...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Market rally 'has got legs,' could go 5-10% higher: StrategistThe Dow Jones Industrial (^DJI) briefly crossed 40,000 this week. Global Market Strategist at JPMorgan Asset Management Jack Manley joins The Morning Brief...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »