Dear Reader, In our last newsletter, we touched upon what might provide an up move to the Indian equity markets - tariff resolution or another GDP surprise. The somewhat visible thaw in India-US trade relations led to a small hope led up move in Nifty +2.26%. NASDAQ 100 continued to outperform with gains of +3.44%. The rally in US stocks is clearly led by AI - those are the stocks gaining massive market capitalization and investments continue to flow there. Some analysts have