🔆 Saturday Coffee Newsletter
- Market Overview: Top Stocks & Asset Classes
- Off the Charts: Sensex 30 PE Trend
- Good Reads: 5 good reads on investing & finance
- Pop Quiz: Answer and win a cool prize!
What’s up with markets? 📉📈
A strong week for Nifty 50, Crude, and Bullion. USDINR remained flat.
The Realty sector had a great week as it rose 5.3%. The auto sector is also showing green shoots especially since passenger vehicle sales are finally catching up. The IT sector continues to struggle and going by the guidance given by major IT firms, the future outlook looks subdued.
Off the charts 📉📈
Sensex 30 is just 5% down from its peak but the Price-to-Earnings ratio of the Index is far below what it had been in recent past. Earnings have caught up with the prices of stocks.
What we are reading 📝
Pop Quiz 🙋♂️
It’s simple. Reply to this email and answer the question.
The price of ________ stocks is determined by how popular they are with an online audience and the cult following. Reddit threads like WallStreetBets influence the prices of _______ stocks by coordinating the buying and selling of stocks. The prices of these stocks, generally speaking, have no correlation to the performance of the underlying business.
A few examples of ____ stocks are Nokia, Palantir, Bed Bath, and Beyond, & AMC.
All the above blanks point to the same word. Fill in the Blank.
Hit reply to this email and answer.
Each week, we randomly pick one winner who gets something cool!
Last week’s winner: Nishant K 🎉
Last week’s answer: The Big Mac Index
(If you’re reading this on the website and want to participate in the quiz, subscribe to the newsletter.)
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