Equities
Commodities
| Energy |
| RBOB Gasoline |
+1.30% |
| Brent Crude Oil |
+0.34% |
| Ethanol |
+2.84% |
| Natural Gas |
+1.79% |
| Heating Oil |
+0.14% |
| WTI Crude Oil |
+3.02% |
| Metals |
| Copper |
+3.36% |
| Gold 100oz |
+2.84% |
| Silver 5000oz |
+7.74% |
| Platinum |
+1.95% |
| Palladium |
-2.08% |
| Agricultural |
| Cocoa |
-2.31% |
| Feeder Cattle |
+1.07% |
| Lumber |
+3.09% |
| Wheat |
+4.38% |
| Soybean Meal |
-4.06% |
| White Sugar |
+1.27% |
| Cattle |
+2.99% |
| Corn |
+2.53% |
| Orange Juice |
+0.61% |
| Coffee (Arabica) |
+10.90% |
| Coffee (Robusta) |
+8.70% |
| Cotton |
+3.23% |
| Lean Hogs |
-5.21% |
| Soybeans |
-0.15% |
| Sugar #11 |
-0.55% |
Credit Indices
| Index |
Change |
| Markit CDX EM |
+0.29% |
| Markit CDX NA HY |
+0.29% |
| Markit CDX NA IG |
-1.59% |
| Markit iTraxx Asia ex-Japan IG |
-0.24% |
| Markit iTraxx Australia |
+0.39% |
| Markit iTraxx Europe |
+2.11% |
| Markit iTraxx Europe Crossover |
+12.07% |
| Markit iTraxx Japan |
-2.77% |
| Markit iTraxx SovX Western Europe |
+1.53% |
| Markit LCDX (Loan CDS) |
-0.04% |
| Markit MCDX (Municipal CDS) |
-1.14% |
The US Dollar got beat up on Fed’s re-assurance to the markets that it is in no hurry to raise rates. Precious metals rallied and oil caught a break. Most equity markets ended in the green except for India.
Index Returns
Market Cap Decile Performance
| Decile |
Mkt. Cap. |
Adv/Decl |
| 1 (micro) |
-5.00% |
56/77 |
| 2 |
-4.91% |
59/74 |
| 3 |
-4.09% |
56/77 |
| 4 |
-2.81% |
58/74 |
| 5 |
-4.43% |
62/71 |
| 6 |
-3.76% |
60/73 |
| 7 |
-3.01% |
59/73 |
| 8 |
-1.63% |
60/73 |
| 9 |
-0.96% |
70/63 |
| 10 (mega) |
-1.39% |
67/66 |
Mid- and small-cap stocks took it on the chin this week on the sudden realization that the (earnings) emperor has no clothes.
Top Winners and Losers
Is RCOM equity headed towards its intrinsic value of zero?
ETF Performance
No ETF in the green zone this week. In spite of the volatility, BANKBEES kept its losses less than a point.
Yield Curve
Bond Indices
| Sub Index |
Change in YTM |
Total Return(%) |
| GSEC TB |
-0.14 |
+0.19% |
| GSEC SUB 1-3 |
-0.09 |
+0.47% |
| GSEC SUB 3-8 |
-0.19 |
+1.12% |
| GSEC SUB 8 |
-0.13 |
+1.32% |
Investment Theme Performance
Very few strategies ended this week in the green.
Equity Mutual Funds
Bond Mutual Funds
Thought to sum up the week
“Lucky” people are adept at creating and noticing chance opportunities (such as meeting an important businessman at a café), listen to their intuition, have positive expectations that create self-fulfilling prophesies, and have a relaxed and resilient attitude about life’s trials. Poor unlucky souls are more tense and anxious than lucky ones.
Source: How luck works