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Market Check: Time for a Little Caution? 🤔📊
India's Manufacturing PMI has cooled for 4 straight months:
May: 55.0
Jun: 54.2
Jul: 53.5
Aug: 52.9
A PMI above 50 still means the economy is expanding. So this is not a bearish signal.
But here's what stands out:
India VIX is low, suggesting investors are relatively comfortable.
When smallcaps rally without broad market participation, it's worth paying attention.
My view: The trend is still intact, but after the recent rally, some profit booking would be a healthy outcome.
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Mastering the stock market is not about finding the right formula. It is about building the right character. Here is the mindset blueprint that separates wealth-builders from wealth-chasers.
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Mastering the stock market is not about finding the right formula. It is about building the right character. Here is the mindset blueprint that separates wealth-builders from wealth-chasers.