Equities
Commodities
| Energy |
| Natural Gas |
-10.56% |
| RBOB Gasoline |
+23.79% |
| Brent Crude Oil |
-3.03% |
| Ethanol |
-7.64% |
| Heating Oil |
-8.72% |
| WTI Crude Oil |
-10.42% |
| Metals |
| Gold 100oz |
-0.07% |
| Palladium |
-7.66% |
| Platinum |
-5.79% |
| Silver 5000oz |
+5.73% |
| Copper |
-3.17% |
| Agricultural |
| Cocoa |
-3.70% |
| Lean Hogs |
-23.73% |
| Lumber |
-16.98% |
| Soybean Meal |
-9.07% |
| Cattle |
-2.64% |
| Coffee (Arabica) |
-21.60% |
| Corn |
-5.31% |
| Feeder Cattle |
-0.42% |
| Orange Juice |
-11.80% |
| Sugar #11 |
-17.63% |
| White Sugar |
-9.27% |
| Coffee (Robusta) |
-10.31% |
| Cotton |
+3.69% |
| Soybeans |
-3.67% |
| Wheat |
-12.19% |
Credit Indices
| Index |
Change |
| Markit CDX EM |
-2.01% |
| Markit CDX NA HY |
+1.59% |
| Markit CDX NA IG |
-1.99% |
| Markit iTraxx Asia ex-Japan IG |
-2.45% |
| Markit iTraxx Australia |
-11.70% |
| Markit iTraxx Europe |
-12.30% |
| Markit iTraxx Europe Crossover |
-79.11% |
| Markit iTraxx Japan |
-13.85% |
| Markit iTraxx SovX Western Europe |
-4.07% |
| Markit LCDX (Loan CDS) |
+0.17% |
| Markit MCDX (Municipal CDS) |
+6.37% |
The Nifty managed to squeeze out a dribble of green but was nowhere near the best performing market Germany that clocked in a QE induced +22.03% whopper.
Index Returns
Advance Decline
Market Cap Decile Performance
| Decile |
Mkt. Cap. |
Adv/Decl |
| 1 (micro) |
-16.75% |
60/74 |
| 2 |
-9.15% |
54/79 |
| 3 |
-8.44% |
55/78 |
| 4 |
-5.13% |
55/78 |
| 5 |
-2.03% |
52/81 |
| 6 |
+1.01% |
65/68 |
| 7 |
+6.19% |
69/64 |
| 8 |
+6.27% |
76/57 |
| 9 |
+5.97% |
72/61 |
| 10 (mega) |
+5.01% |
68/66 |
Large-caps out-performed small-caps.
Top Winners and Losers
PSU banks got rightfully pummeled. You know shit is bad when government employees stage a dharna on NPAs.
ETF Performance
Infrastructure was a surprise winner…
Yield Curve
Bond Indices
| Sub Index |
Change in YTM |
Total Return(%) |
| GSEC TB |
-0.30 |
+2.03% |
| GSEC SUB 1-3 |
-0.53 |
+1.43% |
| GSEC SUB 3-8 |
-0.10 |
+2.45% |
| GSEC SUB 8 |
-0.19 |
+2.27% |
Rate cuts and lower inflation gave bonds a boost…
Investment Theme Performance
Momentum worked, low volatility worked better. High beta was left behind. Quality-to-price out-performed midcaps…
Equity Mutual Funds
Bond Mutual Funds
Refactored Indices
Housekeeping
A number of cool things happened on StockViz this quarter:
- We released our Android app. It is plain torture to develop. Hope you find it useful.
- We moved our website to SSL to ensure that your browsing is encrypted.
- We have a tax report that our investors will find useful during filing time. We will soon have tools that will optimize your trades with taxes in mind.