Equities
| MINTs | |
|---|---|
| JCI(IDN) | -1.82% |
| INMEX(MEX) | -1.86% |
| NGSEINDX(NGA) | -0.56% |
| XU030(TUR) | -3.28% |
| BRICS | |
|---|---|
| IBOV(BRA) | -1.55% |
| SHCOMP(CHN) | +0.78% |
| NIFTY(IND) | -1.88% |
| INDEXCF(RUS) | +0.18% |
| TOP40(ZAF) | -3.59% |
Commodities
| Energy | |
|---|---|
| Brent Crude Oil | -0.96% |
| Ethanol | -5.53% |
| Heating Oil | -0.32% |
| Natural Gas | +4.81% |
| RBOB Gasoline | +2.21% |
| WTI Crude Oil | +1.35% |
| Metals | |
|---|---|
| Copper | -1.62% |
| Gold 100oz | +0.03% |
| Palladium | -3.99% |
| Platinum | -2.64% |
| Silver 5000oz | -2.23% |
Currencies
| MINTs | |
|---|---|
| USDIDR(IDN) | +0.65% |
| USDMXN(MEX) | +1.59% |
| USDNGN(NGA) | +0.35% |
| USDTRY(TUR) | +1.23% |
| BRICS | |
|---|---|
| USDBRL(BRA) | +1.60% |
| USDCNY(CHN) | -0.23% |
| USDINR(IND) | +0.54% |
| USDRUB(RUS) | +1.93% |
| USDZAR(ZAF) | +1.31% |
| Agricultural | |
|---|---|
| Cattle | +1.71% |
| Cocoa | +0.85% |
| Coffee (Arabica) | +3.76% |
| Coffee (Robusta) | +1.24% |
| Corn | -2.56% |
| Cotton | -3.36% |
| Feeder Cattle | +1.22% |
| Lean Hogs | +0.71% |
| Lumber | -0.40% |
| Orange Juice | +0.70% |
| Soybean Meal | -5.19% |
| Soybeans | -4.96% |
| Sugar #11 | +14.81% |
| Wheat | +0.11% |
| White Sugar | +4.54% |
Credit Indices
| Index | Change |
|---|---|
| Markit CDX EM | +0.47% |
| Markit CDX NA HY | -0.62% |
| Markit CDX NA IG | +2.16% |
| Markit CDX NA IG HVOL | +4.37% |
| Markit iTraxx Asia ex-Japan IG | +2.42% |
| Markit iTraxx Australia | +3.32% |
| Markit iTraxx Europe | +1.58% |
| Markit iTraxx Europe Crossover | +10.58% |
| Markit iTraxx Japan | +2.76% |
| Markit iTraxx SovX Western Europe | -1.81% |
| Markit LCDX (Loan CDS) | -0.04% |
| Markit MCDX (Municipal CDS) | +1.93% |
Nifty Heatmap
Index Returns
Sector Performance
Advance Decline
Market Cap Decile Performance
| Decile | Mkt. Cap. | Adv/Decl |
|---|---|---|
| 1 (micro) | -10.46% | 62/80 |
| 2 | -6.95% | 63/79 |
| 3 | -7.08% | 57/85 |
| 4 | -6.95% | 54/88 |
| 5 | -6.63% | 49/93 |
| 6 | -5.12% | 62/80 |
| 7 | -6.80% | 54/88 |
| 8 | -6.25% | 63/79 |
| 9 | -5.39% | 65/77 |
| 10 (mega) | -2.06% | 69/73 |
Top Winners and Losers
ETFs
| GOLDBEES | -0.13% |
| CPSEETF | -0.40% |
| NIFTYBEES | -1.50% |
| BANKBEES | -2.53% |
| JUNIORBEES | -3.50% |
| PSUBNKBEES | -6.04% |
| INFRABEES | -6.21% |
Yield Curve
Bond Indices
| Sub Index | Change in YTM | Total Return(%) |
|---|---|---|
| GSEC TB | +0.01 | +0.15% |
| GSEC SUB 1-3 | +0.02 | +0.29% |
| GSEC SUB 3-8 | -0.19 | +0.66% |
| GSEC SUB 8 | -0.35 | +2.52% |
Nifty OI
Bank Nifty OI
Theme Performance
| Growth with Moat | +0.21% |
| Efficient Growth | -0.10% |
| Market Elephants | -1.46% |
| Piotroski ROC Small Caps | -2.43% |
| CNX 100 50-Day Tactical | -2.51% |
| Balance-sheet Strength | -2.66% |
| IT 3rd Benchers | -2.68% |
| Momentum 200 | -2.94% |
| Magic Formula Investing | -3.12% |
| Refract: PPFAS Long Term Value Fund | -3.32% |
| Enterprise Yield | -3.37% |
| Auto | -3.40% |
| Financial Strength Value | -4.78% |
| Old Economy Value | -4.81% |
| The Other Value | -5.14% |
| Quality to Price | -5.18% |
| Industrial Value | -5.33% |
| ADAG Mania | -7.19% |
| Market Fliers | -7.43% |
Thought for the weekend
To make planes safer these days, engineers have designed automated systems that basically allow the planes to fly themselves. An unintended consequence of increased safety for the plane is increased complexity for the pilots. Industry experts have warned of the side effects that can arise from this increased complexity for a number of years now. One of the cautionary voices was that of an engineer named Earl Wiener. Here’s “Wiener’s Laws” adapted to the financial markets:
Every device creates its own opportunity for human error.
Any financial model is only as good as the person or team using it.
Exotic devices create exotic problems.
Complex strategies can create unforeseen complications.
Digital devices tune out small errors while creating opportunities for large errors.
Risk comes in many forms and some models can lead to a false sense of security if you’re not aware of the imbedded risks.
Some problems have no solution.
You have to choose which form of risk you want to deal with, risk now or risk in the future.
It takes an airplane to bring out the worst in a pilot.
Financial markets magnify bad behavior in even some of the most intelligent people.
Whenever you solve a problem, you usually create one. You can only hope that the one you created is less critical than the one you eliminated.
There’s no such thing a perfect portfolio or process. Every strategy involves trade-offs.
Sources:
When Exotic Devices Create Exotic Problems
The Human Factor
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