Headline indices movement is deceptive. Fall in broader market is far more steeper than reflected by headline indices. While #BSE500 has fallen only 8% from its 52W high levels, 56% of stocks are down more than 20% and 24% of stocks are down more than 30% from their recent highs
Fall is lot steeper in lot of much hyped recently listed and expensive stocks
Similar weakness seen in #US market breadth where S&P 500 is down only ~9% from its highs while Small Cap index (Russell 2000) is hitting fresh 52W lows
Lot of large cap tech stocks are down 60-70% from the recent high levels (#Zoom 67%, #Netflix 45% etc.)
Expect stock return divergence to increase going forward. Focus should be on relatively better valued stocks and high earnings visibility stocks.
Earnings will be key differentiator going forward

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Madhusudan Kela

Madhusudan Kela Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(