India's Bank Stocks Are The World Leaders

JC Parets
March 20, 2019

When most of us think of bank stocks, we're generally not saying positive things. We have a bad taste in our mouth, particularly since early last year. But that's not the case in India.

Look at this chart. Which one is different?

The outperformance from Indian Banks over the likes of Japan, Europe and the U.S. says a lot about that relative strength. I have a funny feeling later this year and next we will be pointing to this relative strength as a heads up of outperformance from this space. I think that also says a lot about risk appetite for stocks in general, especially emerging markets.

Do India's banks catch down to the others? Or do we see rotation into bank stocks in these other countries, and it's just that India is the leader. I think there's a higher probability that it's the latter.

Tell me what you think

JC

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