Equities
| MINTs | |
|---|---|
| JCI(IDN) | +1.80% |
| INMEX(MEX) | -5.54% |
| NGSEINDX(NGA) | +0.33% |
| XU030(TUR) | -0.93% |
| BRICS | |
|---|---|
| IBOV(BRA) | -11.79% |
| SHCOMP(CHN) | +20.57% |
| NIFTY(IND) | -2.24% |
| INDEXCF(RUS) | -8.94% |
| TOP40(ZAF) | -1.15% |
Commodities
| Energy | |
|---|---|
| Ethanol | -21.95% |
| Brent Crude Oil | -20.57% |
| WTI Crude Oil | -21.45% |
| Heating Oil | -19.32% |
| Natural Gas | -27.91% |
| RBOB Gasoline | -24.60% |
| Metals | |
|---|---|
| Copper | -1.05% |
| Platinum | +0.32% |
| Gold 100oz | +1.75% |
| Palladium | -1.43% |
| Silver 5000oz | +1.95% |
Currencies
| MINTs | |
|---|---|
| USDIDR(IDN) | +2.78% |
| USDMXN(MEX) | +6.70% |
| USDNGN(NGA) | +2.44% |
| USDTRY(TUR) | +5.62% |
| BRICS | |
|---|---|
| USDBRL(BRA) | +4.93% |
| USDCNY(CHN) | +1.02% |
| USDINR(IND) | +2.04% |
| USDRUB(RUS) | +18.77% |
| USDZAR(ZAF) | +5.51% |
| Agricultural | |
|---|---|
| Coffee (Robusta) | -12.45% |
| Lumber | +0.82% |
| Soybeans | -1.26% |
| Sugar #11 | -8.60% |
| Wheat | +0.26% |
| White Sugar | -6.78% |
| Cattle | -1.69% |
| Corn | +4.84% |
| Orange Juice | -3.12% |
| Feeder Cattle | -3.24% |
| Soybean Meal | -8.73% |
| Cocoa | +3.43% |
| Coffee (Arabica) | -14.03% |
| Cotton | -3.09% |
| Lean Hogs | -9.28% |
Credit Indices
| Index | Change |
|---|---|
| Markit CDX EM | -2.46% |
| Markit CDX NA HY | -1.07% |
| Markit CDX NA IG | +5.22% |
| Markit iTraxx Asia ex-Japan IG | +1.76% |
| Markit iTraxx Australia | +1.01% |
| Markit iTraxx Europe | +2.30% |
| Markit iTraxx Europe Crossover | +10.27% |
| Markit iTraxx Japan | +2.28% |
| Markit iTraxx SovX Western Europe | -1.51% |
| Markit LCDX (Loan CDS) | -0.49% |
| Markit MCDX (Municipal CDS) | +5.27% |
The dollar rallied, oil collapsed, credit spreads widened and the sag in coffee kept punters awake.
Russia and Brazil were the worst performing markets. From Brics to Rics to Ics…
Russia and Brazil were the worst performing markets. From Brics to Rics to Ics…
Index Returns
Advance Decline
Market Cap Decile Performance
| Decile | Mkt. Cap. | Adv/Decl |
|---|---|---|
| 1 (small) | -9.85% | 66/73 |
| 2 | -5.19% | 58/82 |
| 3 | -4.45% | 65/75 |
| 4 | -2.74% | 66/73 |
| 5 | -3.71% | 61/79 |
| 6 | -3.54% | 72/68 |
| 7 | -1.31% | 65/75 |
| 8 | -1.14% | 74/66 |
| 9 | +0.52% | 74/66 |
| 10 (mega) | -2.85% | 73/67 |
December was brutal, especially for small and mid caps…
Top Winners and Losers
RCOM vs. Infratel, enuf said.
ETF Performance
| BANKBEES | +1.51% |
| GOLDBEES | +0.87% |
| JUNIORBEES | +0.24% |
| PSUBNKBEES | +0.08% |
| CPSEETF | -2.57% |
| NIFTYBEES | -3.51% |
| INFRABEES | -7.45% |
Banks survived…
Yield Curve
Interbank Lending
Bond Indices
| Sub Index | Change in YTM | Total Return(%) |
|---|---|---|
| GSEC TB | -0.16 | +0.77% |
| GSEC SUB 1-3 | +0.23 | +1.09% |
| GSEC SUB 3-8 | -0.22 | +1.65% |
| GSEC SUB 8 | -0.32 | +2.72% |
#winning
Investment Theme Performance
| Growth with Moat | +7.67% |
| Financial Strength Value | +5.18% |
| Momentum 200 | +3.63% |
| Refract: PPFAS Long Term Value Fund | +3.18% |
| Efficient Growth | +1.93% |
| Balance-sheet Strength | +1.37% |
| The Other Value | +0.71% |
| Market Fliers | +0.50% |
| Momentum Long-Short | +0.00% |
| Industrial Value | -0.75% |
| Piotroski ROC Small Caps | -0.78% |
| Magic Formula Investing | -1.97% |
| Old Economy Value | -2.15% |
| Quality to Price | -2.23% |
| Market Elephants | -2.32% |
| IT 3rd Benchers | -2.36% |
| Auto | -3.29% |
| CNX 100 50-Day Tactical | -3.76% |
| Enterprise Yield | -5.14% |
| ADAG Mania | -12.28% |
A mixed bag…
Thought to sum up the month
When our aspirations conflict with our desires, our desires often win out. How do we stick to our long-term goals?
Make them easy and automatic, make them a matter of habit, and make them fun.