Despite a lower GDP number the US markets have rallied at about 1-2% and strong earnings along with consumer sentiments have resulted in gains in the US Market. The European markets too were faring well yesterday. Bobby Rakhit, CEO, Inside Consulting talks about the global markets in an interview with CNBC-TV18.
In an interview to CNBC-TV18, Bobby Rakhit, CEO, Inside Consulting says the uncertainty will continue to play out in global markets for the next three months or so leading to some correction.
According to Bobby Rakhit, CFA - vice president, FactSet Ltd, there is a flight to safety now. “Greenback is going up, gold has benefitted, some of the other commodities have benefitted. Even with emerging markets, there is a great opportunity, particularly I would say in China and India.”
Bobby Rakhit of Factset told CNBC-TV18 that he remains hesitant on India right now. He feels that that the capital flows going into the developed bluechip equities might dampen the mood for emerging markets in the near-term. Rakhit indicates that crude would be around the USD 110 per barrel range.
In an interview on CNBC-TV18, Bobby Rakhit, CFA - Vice President, FactSet Ltd talks about how he is reading global markets after all the weakness that is doing the rounds in all major financial institutions.
The spotlight is now on the Federal Reserve's policy-setting committee, the FOMC which meets today. Bobby Rakhit, CFA - Vice President, Factset says that whatever comes out of the meeting today is going to have an impact because it is going to be sentiment and sentiment is driving the markets right now.