Weekly Recap: Roller Coaster Investing

world.2015-07-17.2015-07-24

Equities

Major
DAX(DEU) -2.79%
CAC(FRA) -1.31%
UKX(GBR) -2.88%
NKY(JPN) -0.52%
SPX(USA) -2.03%
MINTs
JCI(IDN) -0.27%
INMEX(MEX) -2.26%
NGSEINDX(NGA) +0.14%
XU030(TUR) -4.70%
BRICS
IBOV(BRA) -6.06%
SHCOMP(CHN) +2.87%
NIFTY(IND) -1.03%
INDEXCF(RUS) -3.30%
TOP40(ZAF) -2.54%

Commodities

Energy
Ethanol -4.06%
RBOB Gasoline -4.46%
Brent Crude Oil -4.02%
Heating Oil -1.74%
WTI Crude Oil -5.35%
Natural Gas -2.77%
Metals
Gold 100oz -3.05%
Palladium +1.49%
Platinum -1.18%
Silver 5000oz -1.35%
Copper -4.80%

Currencies

USDEUR:-1.16% USDJPY:-0.19%

MINTs
USDIDR(IDN) +0.70%
USDMXN(MEX) +2.26%
USDNGN(NGA) -0.03%
USDTRY(TUR) +3.28%
BRICS
USDBRL(BRA) +4.95%
USDCNY(CHN) +0.00%
USDINR(IND) +0.90%
USDRUB(RUS) +2.83%
USDZAR(ZAF) +2.53%
Agricultural
Coffee (Arabica) -4.47%
Coffee (Robusta) -0.56%
Corn -6.67%
Cotton +0.03%
Wheat -7.62%
White Sugar -3.08%
Orange Juice +2.83%
Feeder Cattle -2.46%
Cattle -2.62%
Cocoa -3.88%
Lean Hogs +2.41%
Lumber -4.10%
Soybean Meal -1.83%
Soybeans -2.34%
Sugar #11 -5.94%

Credit Indices

Index Change
Markit CDX EM -0.39%
Markit CDX NA HY -0.72%
Markit CDX NA IG +3.51%
Markit iTraxx Asia ex-Japan IG -0.56%
Markit iTraxx Australia -2.39%
Markit iTraxx Europe -0.14%
Markit iTraxx Europe Crossover +7.87%
Markit iTraxx Japan -1.57%
Markit iTraxx SovX Western Europe +1.59%
Markit LCDX (Loan CDS) +0.00%
Markit MCDX (Municipal CDS) +0.01%
An uneasy week that saw most indices weak. The entire commodity complex came crashing down. Gold, copper, silver, oil, grains… pretty much every commodity was down.

Nifty Heatmap

CNX NIFTY.2015-07-17.2015-07-24

Index Returns

For a deeper dive into indices, check out our weekly Index Update.
index.performance.2015-07-17.2015-07-24

Sector Performance

sector performance.2015-07-17.2015-07-24

Market Cap Decile Performance

Decile Mkt. Cap. Adv/Decl
1 (micro) -1.58% 73/62
2 +0.74% 69/66
3 +8.28% 69/66
4 -0.03% 71/63
5 +1.95% 70/66
6 +0.73% 65/70
7 +0.40% 72/63
8 +1.34% 70/65
9 -0.35% 63/72
10 (mega) +0.01% 70/65
Looks like there was an outlier that bumped up a microcap stock…

Top Winners and Losers

INFY +8.56%
ABIRLANUVO +8.56%
IBULHSGFIN +8.86%
LUPIN -15.25%
SUNPHARMA -11.76%
CONCOR -11.74%
Sunpharma’s warning, Lupin’s disappointment and Infy’s optimism…

ETF Performance

INFRABEES +1.50%
JUNIORBEES -0.66%
NIFTYBEES -1.12%
CPSEETF -2.56%
PSUBNKBEES -2.76%
BANKBEES -2.94%
GOLDBEES -3.13%
Gold got shellacked…

Yield Curve

yield Curve.2015-07-17.2015-07-24

Bond Indices

Sub Index Change in YTM Total Return(%)
0 5 +0.02 +0.12%
5 10 -0.04 +0.35%
10 15 -0.01 +0.22%
15 20 -0.02 +0.34%
20 30 -0.02 +0.36%
The long end of the curve was in the green after a long time…

Investment Theme Performance

A mixed bag. Momentum ended flat as Kitex got whacked…

Equity Mutual Funds

Bond Mutual Funds

Thought for the weekend

Big money is in buying and holding great businesses acquired at reasonable valuations. Owning such businesses will produce gut-wrenching roller coaster rides which the investor has to have the willingness to take. They can’t avoid those rides by jumping out and trying to get back in, and attempts to do so are likely to be unsuccessful. So, the best strategy is to stay put and bear it.

Source: Sanjay Bakshi

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