ETMarkets Smart Talk: With Siddharth Mehta, Founder & CIO at Bay Capital.

Data World04 Jul, 2022Business

It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year,? says Siddharth Mehta, Founder & CIO at Bay Capital. In an interview with ETMarkets, Mehta said: ?To reiterate, long-term investors should be using this weakness to buy into high-quality businesses and stay invested for the next 5 years,? Edited excerpts: What is your take on markets ? time to be cautious or greedy? Global financial markets have been volatile and have trended significantly lower since the start of the year primarily driven by the actions and comments from the Fed about the extraction of liquidity from the financial system and steeper hiking of interest rates than previously anticipated. It is now a given that rates in the US will rise another 150 to 200 bps between now and the end of the year.