JEFFERIES GREED FEAR
Christopher Wood swapped Nvidia for a Greek infrastructure stock. The bet is paying off
Jefferies’ Christopher Wood replaced Nvidia with Greek infrastructure company GEK TERNA in his global long-only equity portfolio in October 2025. Since then, GEK TERNA has gained 65% in US-dollar terms, compared with Nvidia’s 15%. The shift reflects Wood’s preference for infrastructure, fiscal reform and improving economic fundamentals over crowded AI trades.
Korea’s KOSPI crashes another 5% as AI rout deepens; AI bellwether down over 40% from peak
Chip heavyweight SK Hynix Inc. headed for its lowest close since April. Data-center infrastructure company Elice Inc. plunged as much as 32% in its trading debut in Seoul. Both AI bellwethers SK Hynix and Samsung have plunged 35% and 22%, respectively.
Jefferies’ Chris Wood says it’s time to diversify beyond AI. Where should investors look now?
Jefferies’ Chris Wood is urging investors to diversify beyond AI as earnings growth for global AI stocks is expected to slow sharply and valuations remain elevated. His Asia portfolio retains exposure to semiconductor companies while avoiding heavy AI capex spenders, with India, China and other Asian markets featuring prominently in the allocation.
Rising borrowing costs signal funding risks for global AI expansion: Jefferies report
As the financial markets grapple with emerging pressures, substantial investments in artificial intelligence infrastructure are evident. Companies like Oracle and CoreWeave are facing heightened credit risk, indicating struggles with borrowing amidst rising financing costs. Investors need to keep a close eye on credit spreads to gauge the viability of AI project funding.
Rising borrowing costs signal funding risks for global AI expansion: Report
Financial markets are facing elevated credit risks, particularly for firms operating in the artificial intelligence infrastructure sector. A recent Jefferies report highlights stringent borrowing conditions, which have raised alarms for future AI investments. Companies such as Oracle and CoreWeave are seeing increased credit spreads, driving up borrowing costs. While funding for AI initiatives remains steady, potential growth slowdowns may pressure companies.
AI earnings shield US stocks, but bond risks rise: Jefferies' Wood
US equities have largely remained strong, aided by robust earnings growth driven by the AI capital expenditure cycle. Rising bond yields and geopolitical tensions, however, are beginning to impact investor sentiment negatively. Analysts are concerned about the sustainability of the AI capex cycle and its expected returns. Additionally, there is a realization that G7 government bonds are entering a structural bear market.
- Go To Page 1
Why are U.S. 2-year Treasury yields, 10-year note, global bond markets down in France, Germany?
US Bonds are down: Treasury yields extended gains, and the benchmark 10-year Treasury note hit a 24-year high, after closing out September with its biggest quarterly gain since 1994. But yields turned lower as buyers stepped in
Jefferies’ Chris Wood calls energy India’s best structural growth story; names Hitachi Energy as picks-and-shovels play
Christopher Wood, the global head of equity strategy at Jefferies, identifies India's energy sector as a promising arena for growth, driven by the shift toward renewable energy sources like solar. Hitachi Energy India's CEO anticipates a significant 50% increase in energy demand by 2035, suggesting that electricity consumption could double.
Big AI reset ahead? Chris Wood doubts hyperscalers’ $990 bn capex estimates, highlights India’s reverse AI trade advantage
Jefferies’ Chris Wood expects the AI investment narrative to face a major reset, questioning whether Meta, Alphabet, Amazon and Microsoft can sustain $990 billion in projected 2027 capex. He also sees Indian IT services as a potential reverse AI trade, with valuations falling even as employment remains resilient.
India set to sustain 6.5-7% real GDP growth, nominal growth seen at 11-12%: Jefferies
India is on track for 6.5-7% real GDP growth and 11-12% nominal growth this fiscal year, Jefferies said, citing resilient domestic demand, faster bank credit and improving economic activity. Strong MSME and corporate lending could signal a revival in private-sector capex, while GST collections, power demand and housing sales remain robust.
AI’s 3 musketeers are hitting the brakes. Why Jefferies’ Chris Wood sees India midcap stocks regaining favour
India’s domestic economy is showing resilience despite geopolitical and energy risks, with stronger bank credit, corporate lending and earnings growth. Jefferies’ Chris Wood sees a potential reversal in the AI trade as another catalyst for global investors to refocus on India. He also favours mid- and small-caps, while highlighting domestic flows, gold loans and energy risks as key market drivers.
Jefferies’ Chris Wood sees a structural bear market in US bonds. What it means for stocks and gold
Jefferies has warned that persistent pressure on US Treasury yields could create a challenging environment for equity markets, particularly for bond-sensitive assets such as REITs. While higher yields have weighed on Singapore REITs, the brokerage sees selective opportunities in the sector and remains constructive on gold and gold-mining stocks as a hedge against potential dollar debasement.
Has the S&P 500 really doubled since 2023? Chris Wood says it is down 21% in gold terms
Jefferies’ Christopher Wood highlights a sharp divergence in market returns: while the S&P 500 has doubled in dollar terms since early 2023, it has fallen 21% relative to gold. He warns that efforts to suppress US bond yields could weaken the dollar, boosting alternative assets such as gold and Bitcoin.
Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?
Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buying, expectations around US interest rates, Treasury buybacks and a weaker dollar. With investment demand expected to remain a key driver through 2026, investors and analysts including John Paulson and Christopher Wood remain bullish on gold and gold miners.
Gold prices rise for 3rd straight week, hit 3-month high. Can bullion reclaim $5,500 peak?
Gold rose 5% this week to nearly $4,603, marking its third consecutive weekly gain, supported by a weaker US dollar, Treasury bond buybacks and expectations of stable Fed rates. Analysts see long-term potential amid central-bank demand and currency concerns, though the World Gold Council expects near-term prices to remain rangebound.
US debt tops $40 trillion: Chris Wood flags the 5% trigger that could rattle stock market
US public debt has crossed $40 trillion as its fiscal position worsens and Treasury yields move closer to levels that could threaten equities. Jefferies strategist Christopher Wood flagged a rise above 5% in the 10-year US Treasury yield as a key risk trigger, with the yield recently at 4.69%.
Gold rebounds above Rs 1.58 lakh/10 grams as US bond yields decline. What lies ahead?
Gold prices rose above Rs 1.58 lakh per 10 grams on the MCX as US Treasury yields fell and the dollar remained subdued following increased liquidity support. With geopolitical uncertainty, crude prices and upcoming US economic data in focus, analysts expect gold to remain volatile while long-term demand stays supportive.
Gold extends losses, falls to nearly Rs 1.54 lakh/10 gm. Time to buy?
Gold prices slipped on the MCX but edged higher internationally as easing Treasury yields supported demand. However, rising oil prices and renewed inflation concerns could limit the scope for US rate cuts, weighing on gold. With traders pricing a 35% chance of a September rate hike, experts Christopher Wood and John Paulson see the recent correction as a buying opportunity.
RBI's FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion
The Reserve Bank of India's deposit scheme has attracted significant foreign currency inflows. This scheme is expected to mobilize up to one hundred billion dollars by its closing date. These inflows are helping to stabilize the Indian rupee after a period of weakness. Additionally, tax-free government bonds are attracting foreign investment and improving capital flows.
Jefferies' Chris Wood sells HDFC Bank, PB Fintech shares to buy 2 new stocks
Jefferies' Christopher Wood is reshuffling his India long-only model portfolio, dropping HDFC Bank and PB Fintech's PolicyBazaar in favor of Multi Commodity Exchange of India (MCX) and eyewear retailer Lenskart Solutions. The move, detailed in his GREED & fear report, signals a shift toward exchange infrastructure and consumer retail plays.
Christopher Wood warns of AI fatigue. Why Jefferies is turning to India and China
Christopher Wood of Jefferies warns that the AI trade is showing signs of fatigue as investors seek cheaper value opportunities. With India and China positioned to benefit from a rotation away from crowded AI winners, Wood believes picks-and-shovels companies will continue to outperform amid massive AI capex and uncertain monetisation.
Chris Wood picks IndiGo, Adani Power in India portfolio reshuffle
Jeffries' Christopher Wood has reshuffled his India portfolio, adding Adani Power and InterGlobe Aviation (IndiGo) while exiting Home First Finance and Le Travenues Technology (Ixigo). The ace investor remains overweight on India, citing reforms, strong domestic flows and long-term structural opportunity.
RIL, DLF among Chris Wood’s top bets as he tweaks portfolio. Check what changed
Market strategist Chris Wood of Jefferies has raised Reliance Industries' weightage and introduced DLF in his model portfolios, reflecting a strategic shift toward Indian heavyweight and real estate sectors. Wood also increased stakes in Macrotech Developers and Zomato, while exiting Godrej Properties and Axis Bank.
Equity capital gains in personal income to reach up to 15% in FY24: Jefferies
In the latest Greed & Fear report, Jefferies' India research head Mahesh Nandurkar emphasizes a significant rise in capital gains within personal income tax data. He notes a jump from 4% in FY19 to 11% in FY22 and projects it to reach 12-15% in FY24. Nandurkar attributes this surge in long-term and short-term capital gains to robust market returns and increased retail investor involvement.
Indian banks look cheap relative to Indian market: Jefferies
"It is widely acknowledged that India remains at risk tactically because of the need to fund increased positions in China but there is widespread agreement that India remains the best long-term equity story in the Asia and emerging market context. To deal with this conundrum, investors seem to be reducing exposure to high PE Indian consumer discretionary stocks rather than reducing core bank holdings. This makes sense to GREED & fear, most particularly as Indian banks are looking cheap relative to the Indian market."
Jefferies’ Chris Wood says pressure on US Fed to address inflation issue has peaked
China has managed to avert a hard landing by offering a relief package to the residential property developers, whether the sector will see a meaningful recovery remains a medium-term issue, according to GREED & fear.
Chris Wood banks on realty, oil to drive his newly launched India portfolio
Wood has allocated 17 per cent to real estate stocks -- Godrej Properties, Century Textiles and DLF -- in his newly launched portfolio. Financials and energy sectors are the other two sectors that have large weightage in the portfolio.
Here’s one thing Jefferies' Chris Wood doesn’t want crypto investors to do
Bitcoin, Dogecoin and Ethereum’s over 50 per cent collapse from their all-time highs sent shockwaves throughout the financial markets.
Piggy banks no more! Modi win a nail in coffin for old elite: Chris Wood
Wood said businesses now face the real threat of losing assets due to the bankruptcy act.
Load More
