A bull market without momentum
Markets are back at all-time highs, but it doesn’t feel like a bull run because retail activity isn’t picking up. Active clients on NSE, Google & social media trends are way below all-time highs. Unlikely that activity will pick up given the higher interest rate environment.
I keep telling our team that our competition is really the bank’s fixed-deposit rates, not our peers. Most retail investors question whether taking the added equity risk is worthwhile when govt bonds and FDs yield 7%+.
What do you think will happen?