Weekly Recap: Towers of Abstraction and Sedition

Equities

world equities 2014-05-16.2014-05-23

The Nifty continued its crazy ride on Modi’s rocket ship, +2.28% (+2.84% in USD terms.)

Major
DAX(DEU) +1.44%
CAC(FRA) +0.83%
UKX(GBR) -0.58%
NKY(JPN) +2.59%
SPX(USA) +1.71%
MINTs
JCI(IDN) -1.16%
INMEX(MEX) +0.72%
NGSEINDX(NGA) +2.08%
XU030(TUR) +4.39%
BRICS
IBOV(BRA) -2.26%
SHCOMP(CHN) +0.40%
NIFTY(IND) +2.28%
INDEXCF(RUS) +3.35%
TOP40(ZAF) +1.85%

Commodities

Energy
Brent Crude Oil +0.70%
Ethanol +3.79%
Heating Oil -0.01%
Natural Gas -0.72%
RBOB Gasoline +1.41%
WTI Crude Oil +2.35%
Metals
Copper +0.32%
Gold 100oz -0.01%
Palladium +1.78%
Platinum +0.64%
Silver 5000oz +0.52%

Currencies

USDEUR:+0.52% USDJPY:+0.49%

MINTs
USDIDR(IDN) +1.77%
USDMXN(MEX) -0.35%
USDNGN(NGA) -0.07%
USDTRY(TUR) -0.78%
BRICS
USDBRL(BRA) +0.53%
USDCNY(CHN) +0.04%
USDINR(IND) -0.47%
USDRUB(RUS) -1.72%
USDZAR(ZAF) -0.57%
Agricultural
Cattle -1.07%
Cocoa +4.27%
Coffee (Arabica) -1.01%
Coffee (Robusta) -3.57%
Corn -1.65%
Cotton -3.72%
Feeder Cattle +2.97%
Lean Hogs -1.91%
Lumber -2.91%
Orange Juice +2.06%
Soybean Meal +4.79%
Soybeans +3.26%
Sugar #11 -2.35%
Wheat -3.22%
White Sugar -3.66%

Nifty Heatmap

CNX NIFTY.2014-05-16.2014-05-23

Index Returns

index performance 2014-05-16.2014-05-23

Top winners and losers

UNIONBANK +25.01%
DLF +27.96%
CANBK +29.61%
AMBUJACEM -4.97%
SUNPHARMA -4.76%
GODREJCP -4.45%
DLF: dinged before elections for fear of Modi victory, panic buying after elections on Modi victory. Did somebody say class-action lawsuit?

ETFs

PSUBNKBEES +14.93%
JUNIORBEES +9.12%
INFRABEES +8.34%
BANKBEES +3.30%
NIFTYBEES +2.35%
GOLDBEES -5.57%
Gold? What gold? Get me some PSU banks!

Investment Theme Performance

The Modi wave continued to lift all boats…

Sector Performance

sector performance 2014-05-16.2014-05-23

Yield Curve

All quiet on the western front.

yield Curve 2014-05-16.2014-05-23

Advance Decline

advance.decline.line2.2014-05-16.2014-05-23

Thought for the weekend

Geeks have deep isolationist tendencies. They build an early affinity with machines and programs. They sense that programming is the ultimate in world-building, and what’s more, it’s executable! They build elaborate towers of abstraction. They are drunk on the clean rationality of the world that the machine and they have built and understand.
 
The world of humans is messy, unpredictable, and — this is the part that infuriates you the most, the part you simply don’t get, the part that will forever make you an outsider — unreasonable. Humans are unreasonable.

Source: Why technologists want to secede

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