New Delhi, April 14 -- Last week, I wrote the dice was loaded against bulls. Sure enough, the markets continued on their downward spiral. However, the intensity of the sell-off appeared to be slowing down, at least temporarily. Retail traders, on their part, appeared to be relatively unfazed by the record-high statistical Beta (pure price volatility). They continued to buy, albeit cautiously. The US markets, too, appeared to be showing signs of a technical rebound. I believe it is premature to call an absolute bottom at this point.
President Trump showed some signs of backing off from his tough stand on tariffs. By announcing a 90-day moratorium on tariffs for everyone except China, he seems to be concerned about the sharp sell-off in fina...