Weekly Recap: Confirmation Bias

Equities

world equity markets 2014-05-30.2014-06-06

The Nifty ended the week +4.89% (+4.60% in USD terms.)

Major
DAX(DEU) +0.44%
CAC(FRA) +1.36%
UKX(GBR) +0.20%
NKY(JPN) +3.04%
SPX(USA) +1.49%
MINTs
JCI(IDN) +0.88%
INMEX(MEX) +2.62%
NGSEINDX(NGA) +0.13%
XU030(TUR) +1.61%
BRICS
IBOV(BRA) +3.24%
SHCOMP(CHN) -0.45%
NIFTY(IND) +4.89%
INDEXCF(RUS) +3.69%
TOP40(ZAF) +0.64%

Commodities

Energy
Brent Crude Oil -0.69%
Ethanol -8.35%
Heating Oil -0.22%
Natural Gas +3.56%
RBOB Gasoline -1.71%
WTI Crude Oil +0.19%
Metals
Copper -2.55%
Gold 100oz +0.61%
Palladium +1.12%
Platinum +0.08%
Silver 5000oz +1.60%

Currencies

USDEUR:-0.04% USDJPY:+0.73%

MINTs
USDIDR(IDN) +1.38%
USDMXN(MEX) +0.58%
USDNGN(NGA) +1.02%
USDTRY(TUR) -0.89%
BRICS
USDBRL(BRA) +0.16%
USDCNY(CHN) +0.06%
USDINR(IND) +0.14%
USDRUB(RUS) -1.38%
USDZAR(ZAF) +0.12%
Agricultural
Cattle +2.21%
Cocoa +0.15%
Coffee (Arabica) -3.32%
Coffee (Robusta) +1.98%
Corn -1.71%
Cotton -1.01%
Feeder Cattle +1.85%
Lean Hogs +1.59%
Lumber -2.47%
Orange Juice +2.25%
Soybean Meal -2.38%
Soybeans -2.43%
Sugar #11 -2.25%
Wheat -1.51%
White Sugar -2.15%

Nifty Heatmap

CNX NIFTY.2014-05-30.2014-06-06

Index Returns

index performance.2014-05-30.2014-06-06

Top Winners and Losers

ONGC +23.14%
RELCAPITAL +23.77%
SAIL +24.00%
HCLTECH -6.40%
DRREDDY -4.33%
BOSCHLTD -3.54%
SAILed away…

ETFs

JUNIORBEES +6.30%
PSUBNKBEES +5.43%
NIFTYBEES +5.24%
BANKBEES +4.98%
INFRABEES +3.03%
GOLDBEES -0.75%
Another week of negative performance for Gold. Midcap stocks rallied…

Investment Theme Performance

High Beta and Quality-to-Price have consistently made the charts…

Sector Performance

sector performance.2014-05-30.2014-06-06

Yield Curve

Bonds got bid up, yields compressed across the curve…

yield Curve.2014-05-30.2014-06-06

Thought for the weekend

There are some people in the financial industry that look at both sides of an argument and make their decisions using realistic probabilities. The problem is you won’t hear many of this level-headed reasoning because it will get drowned out by the overconfident prognosticators that make their forecasts with complete certainty.

Source: Perma-Arguments

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