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Below Quote on 'Market Decline' from Vikas Gupta, CEO & Chief investment Strategist at OmniScience Capital

“The Strait of Hormuz and the Middle East has become analogous to the central four squares of a chess board. The efforts of both sides to gain control and maintain or stop Oil & Gas flows through it are making the global markets jittery. Oil prices are now at levels which can make the global economy struggle. Many economies would falter if the prices sustain at these levels. Even worse is the issue of supplies. Countries might be willing to pay the price but without the fuel supplies, the situation becomes very grim. Stock markets are crashing, bond yields are rising, gold and silver are crashing, indicating global uncertainty. Global economy is likely to slowdown significantly, while inflation is likely to rise. The previous view where most Central Banks across the globe, from the Fed to the RBI, were likely to cut interest rates in 2026 is completely negated due to this war. The Fed rate hike prospects have made the FIIs turn to a risk-off mode and thus driving sales in all equity markets across the globe. Overall market segment is negative. Remember what Prem Watsa (Warren Buffett of Canada) said: Buy when you hear the sound of canons. Sell when you hear the sound of trumpets.”

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