Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, “The off and on geopolitical drama in West Asia continues with the latest escalation in the conflict pushing Brent crude to $95 again. Inflation in the US has spiked to 4.2% indicating the possibility of rate hike by the Fed, irrespective of the Fed chief Kevin Warsh’s views on rates and what President Trump wants from the Fed. Further rise in US bond yields is likely and this will have negative fallout on US stocks. The weakness in US tech stocks since last Friday is likely to gather momentum.”
