Correction lurking for Wall Street-driven markets, warns Christopher Wood

The investment in Container Corporation of India within the India long-only portfolio will be removed and replaced with an investment in JSW Energy

Wall Street-correlated stock markets are facing the risk of correction, as Christopher Wood, the global head of equity strategy at Jefferies, conveys to investors in his latest edition of GREED & fear.

Rising crude oil prices, which are nearing $100 a barrel (Brent), pose a threat to the global central bank’s battle against inflation and have led to a re-evaluation of its exposure to Indian stocks.

“The potential for more US Federal Reserve (Fed) rate hikes, combined with the risk that monetary tightening finally bites as regards the economy, remains a risk for Wall Street-correlated world stock markets. There is