Markets threw a taper tantrum that saw the NIFTY go down 2.42% last week. Banks were the hardest hit of the lot.
Index Performance
Top Winners and Losers (CNX 100)
ETFs
| PSUBNKBEES | -4.75% |
| BANKBEES | -3.33% |
| GOLDBEES | -2.73% |
| NIFTYBEES | -2.26% |
| JUNIORBEES | -0.25% |
| INFRABEES | +0.02% |
Advancers-Decliners (CNX 100)
There really isn’t much for bulls to get excited about here.
Yield Curve
Bond yields continue to rise.
Sector Performance
Here’s a more nuanced break out of what happened over the week across different sectors.
Thought for the weekend
Risks are a bad thing, so focusing on the the risks does not sell your product whereas risk management is a good thing so focusing on that might help you sell. You can’t actually do good risk management unless you focus on risks – but the angst that gives a good fund manager need not be seen by clients. A good salesman will hide that angst because – well – what sells is the illusion of certainty.
Source: The conflict between managing funds and selling funds