Is Geopolitics the Signal? Markets, Money Flows & Gold Explained

Global markets are noisy. But is geopolitics just background chatter—or the signal investors should be paying attention to?

In this episode of BasisPoint Insight, Krishnadevan V speaks with Manoj Shenoy, MD & CEO of Bugle Rock Capital (₹42,000+ crore AUM), on how geopolitics, tariffs, AI-led capital flows, and currency moves are reshaping investment decisions.

The conversation cuts through headlines to examine why India’s valuation premium has corrected, why foreign investors chased AI-heavy markets, and why large-cap equities, fixed income, private credit, and gold are back in focus.

What we discuss

• Is geopolitics noise or the real market signal?
• Why India’s EM premium fell from 100% to ~50%
• How AI pulled global capital away from India
• Large caps vs mid caps vs small caps — where risk really lies
• Real estate demand, affordability, and interest rates
• Why fixed income and private credit matter again
• Gold and silver as currency hedges in a fragmented world

This is a long-term, asset-allocation conversation, not a trading call. If you care about how global money actually moves, this episode is for you.