Chart Update, page-2503

If you’re referring to a macro-economic environment, the consensus is that the next sugar hit will come if China finally agrees to cooperate with the US for a fair trade. This might be an overall good for the market. The fed there are still ultimate driver of valuations, in my view. Company with debts are in for a bumpy ride as WACC rate goes up.

I was chatting to a very good mate of mine who lives in the US, and he said that there’s a possibility for Trump to pick up more seats in the midterm. I don’t how how this could impact equity prices though. There is also abundance of job in the US now, which is leading to his popularity, I heard.

I’m very concerned about the US market what might happen there. I’ve a short position on Amazon which I opened at 2000 and haven’t closed since. It is accruing interest everyday. I've a stop but not a limit there. What I can say is that I’ve tried correlation analysis on US Index prices and A2m and it was insignificant. Even if I move the outliers and analyse it, still insignificant.

So I’m back to micro-focus on A2M. Earnings, sales, gross margins and all. Let’s see how it plays out after AGM.