Equities
| MINTs | |
|---|---|
| JCI(IDN) | +1.19% |
| INMEX(MEX) | -2.31% |
| NGSEINDX(NGA) | -8.01% |
| XU030(TUR) | +7.90% |
| BRICS | |
|---|---|
| IBOV(BRA) | +1.59% |
| SHCOMP(CHN) | +10.85% |
| NIFTY(IND) | +3.20% |
| INDEXCF(RUS) | +3.04% |
| TOP40(ZAF) | -0.40% |
Commodities
| Energy | |
|---|---|
| Brent Crude Oil | -18.38% |
| Ethanol | +14.75% |
| Heating Oil | -14.43% |
| Natural Gas | +5.18% |
| RBOB Gasoline | -16.66% |
| WTI Crude Oil | -18.16% |
| Metals | |
|---|---|
| Copper | -6.54% |
| Gold 100oz | -0.26% |
| Palladium | +2.16% |
| Platinum | -2.76% |
| Silver 5000oz | -3.14% |
Currencies
| MINTs | |
|---|---|
| USDIDR(IDN) | +1.00% |
| USDMXN(MEX) | +3.49% |
| USDNGN(NGA) | +7.91% |
| USDTRY(TUR) | +0.05% |
| BRICS | |
|---|---|
| USDBRL(BRA) | +3.73% |
| USDCNY(CHN) | +0.52% |
| USDINR(IND) | +1.09% |
| USDRUB(RUS) | +15.01% |
| USDZAR(ZAF) | +0.49% |
| Agricultural | |
|---|---|
| Coffee (Robusta) | +2.24% |
| Corn | +0.20% |
| Lumber | +1.11% |
| Coffee (Arabica) | -0.90% |
| Cocoa | +0.52% |
| Cotton | -3.33% |
| Feeder Cattle | -1.22% |
| Orange Juice | +12.06% |
| Sugar #11 | -2.62% |
| Cattle | -0.53% |
| Lean Hogs | +1.87% |
| Soybean Meal | +0.85% |
| Soybeans | -2.50% |
| Wheat | +8.79% |
| White Sugar | -3.85% |
Credit Indices
| Index | Change |
|---|---|
| Markit CDX EM | -1.23% |
| Markit CDX NA HY | +0.96% |
| Markit CDX NA IG | -5.29% |
| Markit iTraxx Asia ex-Japan IG | -10.87% |
| Markit iTraxx Australia | -5.75% |
| Markit iTraxx Europe | -8.46% |
| Markit iTraxx Europe Crossover | -35.75% |
| Markit iTraxx Japan | -5.35% |
| Markit iTraxx SovX Western Europe | -2.32% |
| Markit LCDX (Loan CDS) | +0.05% |
| Markit MCDX (Municipal CDS) | -4.85% |
The US dollar rally continued this month. Oil took a giant tumble on the back of OPEC’s non-cut. The race toward zero yield continues. 10-yr yields of Germany, France, Netherlands, Switzerland and Japan are all below 1%
Index Performance
Advance Decline
Market cap decile performance
| Decile | Mkt. Cap. | Adv/Decl |
|---|---|---|
| 1 (micro) | -0.47% | 72/68 |
| 2 | +4.92% | 81/58 |
| 3 | +3.91% | 74/65 |
| 4 | +1.61% | 68/71 |
| 5 | +1.26% | 70/70 |
| 6 | +3.29% | 76/63 |
| 7 | +5.43% | 83/57 |
| 8 | +1.94% | 74/65 |
| 9 | +5.05% | 77/63 |
| 10 (mega) | +4.03% | 71/69 |
An across the board rally on macro events…
Top Winners and Losers
| DLF | +19.52% |
| INGVYSYABK | +26.93% |
| BOSCHLTD | +26.97% |
| NMDC | -18.11% |
| JINDALSTEL | -13.04% |
| RPOWER | -11.33% |
BOSCH put in a rally for the record books. And apparently, DLF is going to pay its CCI fine in EMIs…
ETF Performance
| PSUBNKBEES | +17.26% |
| BANKBEES | +8.42% |
| JUNIORBEES | +3.41% |
| NIFTYBEES | +3.35% |
| INFRABEES | +2.87% |
| GOLDBEES | +0.66% |
| CPSEETF | -2.43% |
PSU Banks’ fund raising plans and the consequent dilution is not in the investors’ radar right now…
Yield Curve
Bond Indices
| Sub Index | Change in YTM | Total Return(%) |
|---|---|---|
| GSEC TB | -0.24 | +0.70% |
| GSEC SUB 1-3 | +0.10 | +1.08% |
| GSEC SUB 3-8 | -0.33 | +1.30% |
| GSEC SUB 8 | -0.20 | +2.26% |
Flat, flatter, flattest…
Investment Theme Performance
| Growth with Moat | +15.79% |
| Momentum 200 | +13.67% |
| Auto | +13.44% |
| Market Elephants | +7.79% |
| IT 3rd Benchers | +6.06% |
| Efficient Growth | +5.37% |
| The Other Value | +3.86% |
| CNX 100 50-Day Tactical | +3.38% |
| Market Fliers | +2.86% |
| Balance-sheet Strength | +2.32% |
| Refract: PPFAS Long Term Value Fund | +2.22% |
| Quality to Price | +2.08% |
| Magic Formula Investing | +1.62% |
| Enterprise Yield | +1.13% |
| Piotroski ROC Small Caps | +0.52% |
| Industrial Value | +0.25% |
| Momentum Long-Short | +0.00% |
| Financial Strength Value | -0.22% |
| ADAG Mania | -1.36% |
| Old Economy Value | -2.07% |
Momentum eclipsed value by far…
Thought to sum up the month
Workers from the red-blooded bit of banking — traders and the like — were more dishonest than those in ancillary jobs. Nearly a tenth of them lied blatantly.
Source: Talking about their work makes bankers more dishonest. (Economist)
