Key Points
Saion Mukherjee says: We have not seen any major crash or an event in the market so to say since the Covid pandemic started..
So, the liquidity environment has been extremely supportive which has led to the present optimism and if we get a soft landing and we do not have a major accident so to say, probably IPO market will continue to see this level of exuberance continue in 2024.ETMarkets.com"The risks are mostly global..
The macro globally has not yet settled. There are positive expectations and we are close to it but we have to keep watching and be nimble because those assumptions can change in due course."..
We actually prefer to see a hard landing than no landing because at least a recession or a slowdown in the US would be a clearing event for the market and we can think more clearly years ahead and that could be an event which could also set the stage for the recovery in private capex that we have been talking about for instance...
On the other hand, you can also have a no landing scenario where we kind of continue to see higher inflation and yields go higher and the market continues to expect a recession down the line and that is not good for the market..
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