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Jefferies Group’s Christopher Wood bullish on Indian equities, Bitcoin: Report
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moneycontrol.comChristopher Wood, the global head of equity strategy at Jefferies Group, has reiterated his “bullish” view on Indian equities even as other global research and brokerage houses downgraded them citing “rich valuations”, Business Standard reported.
In his latest weekly note to investors titled “GREED & fear”, Wood said he remains “structurally overweight on India, and would look to buy Indian stocks on every decline”.
“If GREED & fear had to own one stock market globally for the next 10 years, and not be able to sell it during that period, that market would be India,” Wood wrote.
Jefferies beliefs rising interest rates will not derail the upcoming investment cycle and from a macro perspective, India looks to be in a similar condition as 2003
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