A top in the Indian equity moon shot?
A top in the Indian equity moon shot?
The Blind Squirrel's Monday Morning Notes, August 28th, 2023.
Summary
The incredible achievement of India landing a rocket on the South pole of the moon has us contemplating the moon shot that has been Indian equities.
Indian equities are trading on a massive premium to ‘now untouchable’ Chinese assets. The 🐿️ doesn’t buy it.
Acorn thoughts on TLT 0.00%↑ DBA 0.00%↑ WEAT 0.00%↑ $FCOJ GS 0.00%↑ CART 0.00%↑ #uranium AMR 0.00%↑ COIN 0.00%↑
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A top in the Indian equity moon shot?
It was Mrs. 🐿️ that called my attention to Chandrayaan-3 (and its little moon rover, Pragyan) this week. My eyes were on Nvidia, Johannesburg and The Teton mountains of Wyoming, and I had failed to notice that India was about to join the elite club of lunar exploration nations. My bad. It’s a phenomenal achievement and the outburst of national pri…