Weekly Recap: 7 market myths

world equity markets 2014-07-04.2014-07-11

Nifty got royally shellacked, ending the week -3.77% (-4.39% in USD terms.)

Equities

Major
DAX(DEU) -3.42%
CAC(FRA) -3.41%
UKX(GBR) -2.56%
NKY(JPN) -1.77%
SPX(USA) -0.90%
MINTs
JCI(IDN) +2.58%
INMEX(MEX) -0.95%
NGSEINDX(NGA) -0.46%
XU030(TUR) +2.45%
BRICS
IBOV(BRA) +1.35%
SHCOMP(CHN) -0.60%
NIFTY(IND) -3.77%
INDEXCF(RUS) +0.76%
TOP40(ZAF) -2.14%

Commodities

Energy
Brent Crude Oil -3.54%
Ethanol -6.49%
Heating Oil -1.67%
Natural Gas -5.18%
RBOB Gasoline -3.31%
WTI Crude Oil -3.16%
Metals
Copper +0.00%
Gold 100oz +1.39%
Palladium +1.08%
Platinum +0.86%
Silver 5000oz +0.94%

Currencies

USDEUR:-0.11% USDJPY:-0.74%

MINTs
USDIDR(IDN) -2.40%
USDMXN(MEX) +0.15%
USDNGN(NGA) -0.23%
USDTRY(TUR) -0.74%
BRICS
USDBRL(BRA) +0.36%
USDCNY(CHN) -0.02%
USDINR(IND) +0.34%
USDRUB(RUS) -0.71%
USDZAR(ZAF) -0.53%
Agricultural
Cattle -3.85%
Cocoa +0.31%
Coffee (Arabica) -8.26%
Coffee (Robusta) -2.80%
Corn -4.61%
Cotton -10.09%
Feeder Cattle -3.31%
Lean Hogs +1.03%
Lumber +0.71%
Orange Juice +3.26%
Soybean Meal -5.90%
Soybeans -6.63%
Sugar #11 -4.38%
Wheat -8.72%
White Sugar -3.86%

Nifty Heatmap

CNX NIFTY.2014-07-04.2014-07-11

Index Returns

index performance.2014-07-04.2014-07-11

Sector Performance

sector performance.2014-07-04.2014-07-11

Market Cap Decile Performance

Decile Mkt. Cap. Advance/Decline
1 (micro-cap) -9.49% 63/76
2 -8.52% 55/84
3 -9.83% 46/93
4 -10.80% 50/87
5 -8.25% 51/89
6 -8.42% 45/94
7 -8.22% 50/88
8 -8.41% 54/85
9 -6.88% 65/74
10 (mega-cap) -4.45% 62/77
Mid-caps, that saw an incredible Modi-hopium rally experienced deep corrections.

Top winners and losers

RANBAXY +4.27%
SUNPHARMA +4.83%
IDFC +10.90%
UNIONBANK -18.14%
CROMPGREAV -17.31%
ADANIENT -15.47%
Banks, industrials and Adanis felt the brunt of the Modi-hopium hangover.

Etfs

GOLDBEES +1.74%
NIFTYBEES -3.87%
BANKBEES -6.45%
INFRABEES -7.62%
JUNIORBEES -8.11%
PSUBNKBEES -9.87%
Looks like the market expected a lot more for PSU banks in the budget.

Investment Theme Performance

No winners, only different shades of red…

Yield Curve

Typically, you would expect bonds to rally whenever equities fall, but not this time. Yields rose this week.

yield Curve.2014-07-04.2014-07-11

Advance Decline

advance.decline.line2.2014-07-04.2014-07-11

Nifty OI

nifty.puts.calls.JUL.2014-07-04.2014-07-11

Thought for the weekend

What you think you know about money can hurt you:

  1. You too can be Warren Buffett
  2. You get what you pay for
  3. You should focus either on fundamentals or technical analysis
  4. The myth of ‘passive’ investing
  5. The stock market will make you rich
  6. You have to beat the market
  7. ‘Stocks for the long run’ is the best strategy

Source: 7 market myths that make investors poorer

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