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"These markets are not going anywhere; you will see sharp spikes wherein Nifty might go to 17,500 and come back to 15,500 depending on when you got in. You will feel you are a champion or you are a loser but on a one year basis, markets might not have gone anywhere."

Gold has recovered substantially from the lows set in mid-May. The debate about the monetary policy stance of the Fed and other central banks and a brief correction in the US dollar helped gold come off the lows.

"US inflation hit 40-year high, consumer price index hit 8.6%. Coming quarters will be very challenging for the US Fed because there are no signs of cooling off of inflation. We expect a volatile market in the coming week as we will see a rate hike."

After the withdrawal of liquidity, they started hiking rates and now Fed will be starting to reduce its balance sheet size. Let’s analyze the genesis of inflation, the reasons for current inflation, and what the future prospects are.

"While mid and small-caps have underperformed the large-caps for a couple of years prior to the pandemic, these companies have outperformed since then. From a medium-term perspective, we are positive about their prospects. Yet, in the near term, the outlook does not look particularly encouraging as investors’ risk aversion to equities continues with a high degree of volatility."

BSE Sensex and NSE Nifty50 have lost 13 per cent and 12 per cent, respectively, from the lifetime highs they touched in October 2021 – incidentally, the month in which the FPIs started selling.

Today, you can buy and sell memes and earn lucrative profits. According to recent market reports - the world-famous “Doge” meme NFT was sold for $4 million. Another example highlighting the amount of money one can make in such trades is the “Overly Attached Girlfriend”, which was bought for $411,000 in Ethereum.

Arnold says the first myth of the financial industry is that financial assets and markets are generally complicated and confusing which is actually never the case.

A similar coalition was witnessed in 2018 as well. Post both these instances, the stock market went up by ~50% and ~20%, respectively in the following year.

Prices of Fed funds futures contracts now reflect better-than-even odds of a 75-basis-point rate hike by July, with a one-in-five chance of that occurring next week -- up from one-in-20 before the inflation report -- and a policy rate in the 3%-3.25% range at year end.