Markets did recover (Giri Devanur)

2 months back on Jan 20th , I wrote that Markets will recover

My logic was 3 things will happen.

  1. China issues will be solved by their market regulator. They brought in a new administrator. Problem postponed:-)
  2. Oil prices – I had written “Its a supply side problem. It will get resolved, and should reach around $35-$40 by the end of the year”. Oil is back to $40. 
  3. Fed & interest rates – Fed did NOT increase the interest rate.

So, markets are back., The recovery is on for some time. Will it last through the year is a big question..I hope so!!

Cheers,

IMG_2648Giri Devanur

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