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Well, in 2017, the markets have seen a stellar rally making one of the best years for equity participants. Since the beginning of the year we have witnessed a drawdowns of 10 percent or thereabouts. One must also consider the global backdrop especially a new US Fed Chairperson who seems a bit more hawkish than his predecessors, apart from that there is a rise in protectionist rhetoric led by the USA and an upward bias to crude and commodities given the recovery in global growth.
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