Weekly Recap: Certainty Is an Illusion

Equities

world equity markets 2014-05-23.2014-05-30

The Nifty ended -1.86% this week (-2.78% in USD terms)

Major
DAX(DEU) +1.79%
CAC(FRA) +0.59%
UKX(GBR) +0.42%
NKY(JPN) +1.18%
SPX(USA) +1.28%
MINTs
JCI(IDN) -1.59%
INMEX(MEX) -1.18%
NGSEINDX(NGA) +4.12%
XU030(TUR) +1.71%
BRICS
IBOV(BRA) -2.77%
SHCOMP(CHN) +0.23%
NIFTY(IND) -1.86%
INDEXCF(RUS) -0.48%
TOP40(ZAF) -0.56%

Commodities

Energy
Brent Crude Oil -0.96%
Ethanol +1.89%
Heating Oil -2.16%
Natural Gas +3.59%
RBOB Gasoline -1.41%
WTI Crude Oil -1.32%
Metals
Copper -0.94%
Gold 100oz -3.32%
Palladium +0.85%
Platinum -1.42%
Silver 5000oz -3.09%

Currencies

USDEUR:-0.01% USDJPY:-0.17%

MINTs
USDIDR(IDN) +0.53%
USDMXN(MEX) -0.04%
USDNGN(NGA) +0.19%
USDTRY(TUR) +0.73%
BRICS
USDBRL(BRA) +0.81%
USDCNY(CHN) +0.18%
USDINR(IND) +1.02%
USDRUB(RUS) +2.17%
USDZAR(ZAF) +2.57%
Agricultural
Cattle +0.99%
Cocoa +2.42%
Coffee (Arabica) -2.23%
Coffee (Robusta) -3.10%
Corn -2.77%
Cotton +0.17%
Feeder Cattle +2.26%
Lean Hogs -2.89%
Lumber -2.02%
Orange Juice +0.79%
Soybean Meal -0.75%
Soybeans -1.67%
Sugar #11 -0.46%
Wheat -3.76%
White Sugar -0.13%

Nifty Heatmap

CNX NIFTY heatmap 2014-05-23.2014-05-30

Index Returns

index performance 2014-05-23.2014-05-30

Top winners and losers

HINDUNILVR +7.45%
TECHM +7.65%
MPHASIS +10.16%
IDFC -11.83%
BANKBARODA -11.72%
CANBK -11.58%
Banks were hit by a wave of profit taking…

ETFs

INFRABEES +0.44%
NIFTYBEES -2.21%
GOLDBEES -2.31%
BANKBEES -3.29%
JUNIORBEES -4.32%
PSUBNKBEES -6.24%
Pretty much all in the red…

Investment Theme Performance

It was brutal for most investment strategies this week…

Sector Performance

sector performance 2014-05-23.2014-05-30

Yield Curve

Yields continue to trend lower. Is the market pricing in a rate cut?

yield Curve 2014-05-23.2014-05-30

Thought for the weekend

In an uncertain world, we cannot plan everything ahead. Here, we can only cross each bridge when we come to it, not beforehand. The very desire to plan and organize everything may be part of the problem, not the solution.
 
Small children often need security blankets to soothe their fears. Yet for the mature adult, a high need for certainty can be a dangerous thing. It prevents us from learning to face the uncertainty pervading our lives.
 
At the same time, a psychological need is not entirely to blame for the illusion of certainty. Manufacturers of certainty play a crucial role in cultivating the illusion. They delude us into thinking that our future is predictable, as long as the right technology is at hand.

Source: Certainty Is an Illusion

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