Arvind Sanger: Avoid FOMO, be patient with midcaps

Arvind Sanger, Managing Partner at Geosphere Capital Management, advises investors against hastily entering the market, suggesting patience, especially with midcaps and smallcaps, due to the high valuations.

Sanger said the Red Sea attacks has resulted in a rise in crude prices and freight rates. These developments might slow down the anticipated decline in inflation, causing market unease. While previously predicting a US recession in 2023, Sanger now adopts a more cautious stance, closely monitoring inflation trends to determine their impact on future rate cuts.

| Good news mostly priced in; Kotak Institutional Equities sees better risk-reward in large caps