Weekly Recap: Wisdom in the Age of Information

world.2015-02-20.2015-02-28

Equities

Major
DAX(DEU) +3.18%
CAC(FRA) +2.50%
UKX(GBR) +0.45%
NKY(JPN) +2.54%
SPX(USA) +0.18%
MINTs
JCI(IDN) +0.93%
INMEX(MEX) +1.75%
NGSEINDX(NGA) +2.45%
XU030(TUR) -1.91%
BRICS
IBOV(BRA) +0.82%
SHCOMP(CHN) +1.95%
NIFTY(IND) +0.12%
INDEXCF(RUS) -1.88%
TOP40(ZAF) +0.60%

Commodities

Energy
Brent Crude Oil +3.85%
Ethanol +0.42%
Natural Gas -8.20%
WTI Crude Oil -2.02%
Heating Oil -6.88%
RBOB Gasoline +20.39%
Metals
Copper +3.44%
Gold 100oz +0.61%
Palladium +5.14%
Platinum +1.58%
Silver 5000oz +0.61%

Currencies

USDEUR:+2.02% USDJPY:+0.67%

MINTs
USDIDR(IDN) +0.84%
USDMXN(MEX) -0.62%
USDNGN(NGA) +1.64%
USDTRY(TUR) +2.36%
BRICS
USDBRL(BRA) -1.14%
USDCNY(CHN) +0.21%
USDINR(IND) -0.61%
USDRUB(RUS) -0.34%
USDZAR(ZAF) +0.24%
Agricultural
Coffee (Robusta) -3.55%
Cotton -0.71%
Lean Hogs +1.80%
Soybean Meal +1.03%
Wheat +0.49%
Cocoa -0.05%
Corn -0.26%
Feeder Cattle +1.00%
Sugar #11 -4.02%
Cattle -3.31%
Lumber -2.08%
Orange Juice -7.56%
Soybeans +2.85%
Coffee (Arabica) -7.38%
White Sugar -2.34%

Credit Indices

Index Change
Markit CDX EM -0.18%
Markit CDX NA IG -2.78%
Markit iTraxx Asia ex-Japan IG -4.75%
Markit iTraxx Australia -4.66%
Markit iTraxx Europe -4.75%
Markit iTraxx Europe Crossover -29.42%
Markit iTraxx Japan -0.03%
Markit iTraxx SovX Western Europe -3.07%
Markit LCDX (Loan CDS) +0.05%
Markit MCDX (Municipal CDS) -1.28%
After all the hype and hoopla, it turned to be a meh budget.

Nifty Heatmap

CNX NIFTY.2015-02-20.2015-02-28

Index Returns

index performance.2015-02-20.2015-02-28

Sector Performance

sector performance.2015-02-20.2015-02-28

Advance Decline

advance.decline.line2.2015-02-20.2015-02-28

Market Cap Decile Performance

Decile Mkt. Cap. Adv/Decl
1 (micro) -0.84% 68/67
2 -0.57% 71/63
3 -0.50% 66/69
4 -1.52% 57/78
5 -0.36% 70/65
6 -0.16% 65/70
7 -0.65% 64/71
8 -0.47% 68/67
9 +0.21% 62/73
10 (mega) -0.50% 66/69
Mal all around…

Top Winners and Losers

NTPC +7.04%
KOTAKBANK +7.61%
AXISBANK +9.10%
ITC -8.76%
SAIL -5.25%
MOTHERSUMI -5.22%
Investors are still trying to figure out what Make in India is all about.
Meanwhile, converging FPI & FDI might allow Axis Bank to be included back again into the MSCI India index.

ETF Performance

BANKBEES +2.94%
NIFTYBEES +0.66%
CPSEETF +0.44%
JUNIORBEES +0.36%
INFRABEES -1.08%
GOLDBEES -1.28%
PSUBNKBEES -2.43%
We still don’t know how PSU banks are going to fund themselves…

Yield Curve

yield Curve.2015-02-20.2015-02-28

Bond Indices

Sub Index Change in YTM Total Return(%)
GSEC TB +0.14 +0.11%
GSEC SUB 1-3 +0.26 -0.12%
GSEC SUB 3-8 +0.17 -0.41%
GSEC SUB 8 +0.06 -0.21%
A flat yield curve, going nowhere in a hurry…

Investment Theme Performance

Equity Mutual Funds

Bond Mutual Funds

Thought for the weekend

We live in a world awash with information, but we seem to face a growing scarcity of wisdom. And what’s worse, we confuse the two. We believe that having access to more information produces more knowledge, which results in more wisdom. But, if anything, the opposite is true — more and more information without the proper context and interpretation only muddles our understanding of the world rather than enriching it.