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[hfe_template id='11223'] [ad_1] US President Donald Trump’s steep tariffs and altering of global trade structures have shaken the stock markets worldwide and worried top Wall Street leaders. There are also growing concerns among economists that the US might slide into a recession. Trump effected a 10% blanket tariffs on nearly all countries last week even as the levies varied. India attracted a 26% tariff on all exports to the US, while China's and Vietnam's were much higher. Even though these could be partially rolled back through negotiations in the coming weeks or months, Wall Street fears the impact is significant enough to tip the economies into a downturn. Wall Street is fearing the worst Goldman Sachs has increased its 12-month recession probability from 35% to 45% due to Trump's tariffs. If these tariffs come into effect, Goldman expects to revise its forecast to predict a recession.Another Street biggie JP Morgan projects a US recession by the end o...

[hfe_template id='11223'] [ad_1] The Indian indices have fallen 8-9% from the peak, wherein US indices are at their peak. This could be due to two reasons: a) Trump coming into power making US equities more attractive due to expected increase in net fiscal stimulus b) The China stimulus impact - which is now waning c) India centric slowdown in retail credit growth, overall economy and corporate earnings. All these concerns seem to be largely behind us and we are seeing a silver streak in emerging economic data. With most state elections behind us the Capex growth story should unfold in the coming months. The govt. has to spend ~Rs. 7 Trillion in the remaining 5 months to achieve its target of Rs 11.2 trillion in capex for FY2025, which would be a growth of over 52% YoY. The themes we would like to be invested in the current environment are largely domestic facing sectors like the capex related power sector, due to robust domestic tailwinds. In the global facing sector, w...