Is It The Right Time To Bet On Contra Funds?

Following a succession of higher highs and higher lows, the market appears to be on its way to an all-time high set on October 18, 2022. Furthermore, the US Federal Reserve’s expected easing of its aggressive stance in raising interest rates is fuelling this move. That said, there are still areas that are underperforming the benchmark indices. These sectors may have lost favour owing to changes in macroeconomic conditions rather than worsening fundamentals. As a result, despite good fundamentals, companies in such sectors are likely to trade at lower prices.