Viresh Kanabar, an investment strategist with 8+ years of experience, notably contributed to portfolio construction and risk management at CCLA Investment Management, a £12 billion fund. Viresh was also a voting member of the Investment Committee and ran the private asset valuation process. Before his role at CCLA, Viresh made significant contributions during his three-year tenure as a Consultant at Deloitte, where he was a part of the largest P&C merger in 2016.
AI
Viresh Kanabar
Summary The ‘DeepSeek moment’ selloff earlier this year was primarily driven by the unwind of crowded momentum stocks and de-grossing events, rather than the popular narratives at the time concerning DeepSeek’s model development or fears about GPU requirements. AI demand continues to soar, evidenced by an exponential increase in token processing (e.g., Google processing nearly […]
Viresh Kanabar
Summary The BoJ maintained its policy rate today as expected. The BoJ still sees a sluggish growth outlook, while supply pressures stemming from higher food prices pushed 2025 inflation higher. Governor Ueda’s tone during the presser was dovish as he reiterated a US trade deal alone is insufficient to prompt a further hike. He also […]
Viresh Kanabar
Summary Governor Macklem executed a dovish hold during yesterday’s BoC meeting. Three themes emerged during the presser: Uncertainty is weighing on Canada’s economy. Inflation remains too high. A cut and a pause were discussed, with inflation data leading to a pause. Market Implications We believe the BoC will next cut its policy rate in July. […]
Viresh Kanabar
Summary May’s labour data showed further loosening with the unemployment rate rising to 6.9%. However, this data was overshadowed by hotter inflation and consumption data. While one-offs have mostly driven inflation higher, core inflation above 3.5% remains too hot to allow the BoC to cut further. Falling household savings suggest consumers are loosening their belts […]
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