India's Bank Stocks Are The World Leaders
March 20, 2019
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.
JC