2025
Falconstar Q1-2025 Private Wealth Advisory Report
Dear Investors,
Q1 2025 saw a -ve 7% Nasdaq100 and -ve 5% SP500 on back of 2 best years of Nasdaq100 performance in 2023-24 since 1998. The rate cuts by the US Fed were paused as there was no other trigger in Q1 2025 in the US.
However, in India Nifty market was Flat in Q1 2025 but on a steady -ve % monthly decline since Sept24. RBI cut rates to 6% on back of US tariff chaos in early-Apr25. Overall markets remained lacklustre with downward bias.
With the Trump administration taking bull by the horns Q1 2025 did provide opportunity to buy on dips on 1-2 trading sessions with > 2% falls. Falconstar continues to suggest 5-10% allocation to Gold (best performing asset class in 2025) but the best time to allocate was 2022-23.
UAE equities and real estate also took a breather in 2025 with expectation of supply demand mismatch in 2026-27 with excess deliveries hitting the market. Emaar properties which had rallied > 50% from AED 8 to AED 13 since Oct 24 corrected >10% in 2 days post 2Apr25 due to US Tariff.
Falconstar continues to provide Investment recommendations on a case-by-case basis while being cognizant of market risks in 2025. Watch out for the next sell-off and keep investment ammunition ready.
Delighted to share the Falconstar Quarterly Portfolio Research Report Q1 2025.
View complete pdf :Falconstar Q1-2025 Private Wealth Advisory Report
Falconstar Q2-2025 Private Wealth Advisory Report
Dear Investors,
Q2 2025 saw the initiation of US Trade related volatility between 2-9 April25 with S&P500 Nasdaq100 correcting 10%. However, the markets are 25%+ up from the 8April bottom. Additionally, with Israel-Iran and India-Pakistan short wars, the Gold, Oil & Industrial Manufacturing Firms look promising. Indian markets have climbed the wall of worry and Sensex again poised @83K likely to breach the previous highs of 85K.
UAE Equity continues to offer value compared to Indian and US Equity as an asset class. Falconstar initiated several Double downs on MF Lumpsum Purchases during April-lows for Clients. It is profitable to be Greedy when the market is Fearful. Please stay invested with Dividend Plans while keeping dry powder (liquidity) to purchase during technical market lows. Alternatively, Fixed Income MFs remain a Balancing force with no substantial % returns from rate cuts or hikes in 2025.
Delighted to share the Falconstar Quarterly Portfolio Research Report Q2 2025.
View complete pdf :Falconstar Q2-2025 Private Wealth Advisory Report
Falconstar Q3-2025 Private Wealth Advisory Report
Dear Investors,
The US first slapped a 25 percent tariff on India on July 30 and a week later imposed an additional 25 percent, citing New Delhi’s purchase of Russian oil. Until recently, the US was India’s largest trading partner with annual bilateral trade worth $212bn with a Trade Gap of $46 Bn in India's favour. While the Indian Pharmaceutical Industry will be exempt from these tariffs, the labour intensive textiles, garments, gems and jewellery, fisheries, leather items and crafts will be impacted, losing business to other nations like Pakistan, Vietnam, Bangladesh etc. The final outcome of US-India Trade talks is awaited but worst case tariffs can impact India GDP by 1%.
During this quarter, the Nifty trended -ve with (-3.6%) returns, Nasdaq up 9.4%, Gold up 15%. Overall, while the US Fed reduced rates by 25 bps in Sept25 citing low inflation < 3%, it is worth noting that the overall Market is getting exorbitantly expensive for the common man. For instance, in the UAE with real estate prices rising 8-10% the purchasing power of individuals does not keep up although Central Bank rates% are at 4% lows.
With Final phase of Bull Market in action as per majority indicators, the only pockets of opportunity are 5% allocation to Gold, select India defence stocks and UAE Equity. Cash allocation should be 10% with room to increase to 20% after 1 year.
Delighted to share the Falconstar Quarterly Portfolio Research Report Q3 2025.
View complete pdf :Falconstar Q3-2025 Private Wealth Advisory Report
Falconstar Q4-2025 Private Wealth Advisory Report
Dear Investors,
2025 was a year of continued expansionism in global markets with S&P , Nasdaq, up 15%+ and UAE equity MSCI up 20%+.
India Nifty50 gave 10% but Rupee also lost 5% netting underperforming returns%.
The PE,PB valuations are reaching 1999, 2008 levels but M&A volumes valuations are still below previous highs.
Investment opportunities in India are limited to SIPs in Pharma healthcare, Nifty500 index with dividend plans. UAE equity continues to provide relative value while US continues to be an expensive powerhouse with a Hold.
During 2025 the Markets provided opportunity to BUY only between 2-9 April and such technical opportunities will have to be seized in 2026.
Delighted to share the Falconstar Quarterly Portfolio Research Report Q4 2025.
View complete pdf :Falconstar Q4-2025 Private Wealth Advisory Report