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Strategy Report

Warning Signals For Equities

by Arthur Budaghyan, Chief EM/China Strategist   Ayman Kawtharani,   

There are a number of warning signs that the global and EM equity bounce is unsustainable. The latest episode of housing recovery in China will prove temporary due to still-large imbalances. Overweight Indian stocks: the credit cycle in India is less vulnerable compared to other EMs. However, the outlook for Indian equities in absolute terms is not bullish.

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