 "The problem with GST in India is its multiple rates, which will create problems. The bottom line is that if the Indian markets correct, foreigners will buy now: Christopher Wood")
Investors would be better off buying cyclical stocks whenever the market corrects, advises Christopher Wood, global head (equity strategy) at Jefferies in his weekly note, GREED & fear and cites two reasons for his conviction.
First, he believes that the world is nearer to the end of the Covid-19 pandemic now as opposed to a few months ago, in line with Farr’s law, which says that once peak infection is reached, then it will roughly follow the same symmetrical pattern on the downward slope – a bell curve. Second, Wood expects fears of any renewed downturn, as have begun to
