![US and India correlation broken -- S&P 500 sinks 19%, Nifty & Sensex up 2%](https://images.assettype.com/fortuneindia%2F2022-11%2F6e66d3af-9e8b-4a9e-92a3-75759de374e6%2FGettyImages_183766131.jpg?w=300&q=95)
US and India correlation broken -- S&P 500 sinks 19%, Nifty & Sensex up 2%
In dollar terms, however, India is down 7% YTD vs 19% for the US.
In dollar terms, however, India is down 7% YTD vs 19% for the US.
The firm's strategists believe that S&P 500 index could decline 5% in 2022 while developed markets could end the year higher.
Gold exchange traded funds added a record 877 tonnes during 2020, nearly 231 tonnes more than the 2009 record of 646 tonnes. Experts argue much of gold's growth drivers will continue in 2021 too.