Tag: weekly

Weekly Recap: Hard Work ≠ Value

Equities

world equity markets 2014-06-13.2014-06-20

Major
DAX(DEU) +0.75%
CAC(FRA) -0.04%
UKX(GBR) +0.70%
NKY(JPN) +1.67%
SPX(USA) +1.46%
MINTs
JCI(IDN) -1.60%
INMEX(MEX) +0.42%
NGSEINDX(NGA) -0.93%
XU030(TUR) -0.91%
BRICS
IBOV(BRA) -0.27%
SHCOMP(CHN) -2.13%
NIFTY(IND) -0.41%
INDEXCF(RUS) -0.70%
TOP40(ZAF) +1.16%

Commodities

Energy
Brent Crude Oil +1.24%
Ethanol -3.01%
Heating Oil +2.02%
Natural Gas -3.72%
RBOB Gasoline +2.02%
WTI Crude Oil +0.36%
Metals
Copper +2.97%
Gold 100oz +3.15%
Palladium +0.90%
Platinum +1.54%
Silver 5000oz +7.18%

Currencies

USDEUR:-0.47% USDJPY:+0.05%

MINTs
USDIDR(IDN) +1.50%
USDMXN(MEX) -0.08%
USDNGN(NGA) -0.26%
USDTRY(TUR) +1.01%
BRICS
USDBRL(BRA) +0.01%
USDCNY(CHN) +0.24%
USDINR(IND) +0.69%
USDRUB(RUS) +0.18%
USDZAR(ZAF) -0.32%
Agricultural
Cattle +0.19%
Cocoa -0.41%
Coffee (Arabica) -0.54%
Coffee (Robusta) +0.30%
Corn +1.57%
Cotton +1.51%
Feeder Cattle -0.55%
Lean Hogs +10.36%
Lumber +6.89%
Orange Juice -3.87%
Soybean Meal -0.39%
Soybeans -0.60%
Sugar #11 +5.23%
Wheat +0.04%
White Sugar +5.72%

Nifty heatmap

CNX NIFTY.2014-06-13.2014-06-20

Index Returns

index performance.2014-06-13.2014-06-20

Top winners and losers

UPL +5.34%
GAIL +5.69%
ZEEL +6.92%
SRTRANSFIN -7.39%
M&M -6.91%
GODREJCP -6.39%
Churn, churn, churn…

ETFs

INFRABEES +6.21%
GOLDBEES +3.87%
JUNIORBEES -0.40%
BANKBEES -0.53%
NIFTYBEES -0.89%
PSUBNKBEES -2.01%
Gold finally caught a break…

Investment theme performance

Sector Performance

Textiles – the winning streak continued.

sector performance.2014-06-13.2014-06-20

Yield Curve

yield Curve.2014-06-13.2014-06-20

Advance Decline

advance.decline.line2.2014-06-13.2014-06-20

Nifty OI

nifty.puts.calls.2014-06-13.2014-06-20

Thought for the weekend

When we work hard for something, thereby “earning” it, we can ascribe a higher value to it than may be justified. A form of egotism affects how we value the “trophy.”

Source: Trophy Effect

Related: Ego: The Single Biggest Impediment to Successful Investing

Weekly Recap: Avoiding Stupidity

Equities

world.2014-06-06.2014-06-13

The Nifty ended the week -0.54% (-1.01% in USD terms)

Major
DAX(DEU) -0.74%
CAC(FRA) -0.83%
UKX(GBR) -1.17%
NKY(JPN) +0.14%
SPX(USA) -0.65%
MINTs
JCI(IDN) -0.21%
INMEX(MEX) -0.56%
NGSEINDX(NGA) -0.03%
XU030(TUR) -1.65%
BRICS
IBOV(BRA) +3.45%
SHCOMP(CHN) +2.01%
NIFTY(IND) -0.54%
INDEXCF(RUS) +1.09%
TOP40(ZAF) +1.95%

Commodities

Energy
Brent Crude Oil +3.58%
Ethanol -0.09%
Heating Oil +4.00%
Natural Gas +1.06%
RBOB Gasoline +4.01%
WTI Crude Oil +4.01%
Metals
Copper -0.98%
Gold 100oz +1.85%
Palladium -3.62%
Platinum -1.21%
Silver 5000oz +2.63%

Currencies

USDEUR:+0.72% USDJPY:-0.53%

MINTs
USDIDR(IDN) -0.35%
USDMXN(MEX) +0.76%
USDNGN(NGA) -0.38%
USDTRY(TUR) +2.02%
BRICS
USDBRL(BRA) -1.14%
USDCNY(CHN) -0.64%
USDINR(IND) +1.00%
USDRUB(RUS) -0.02%
USDZAR(ZAF) +0.82%
Agricultural
Cattle +4.81%
Cocoa +1.08%
Coffee (Arabica) +1.60%
Coffee (Robusta) +4.04%
Corn -2.14%
Cotton +2.55%
Feeder Cattle +3.65%
Lean Hogs +0.77%
Lumber +1.41%
Orange Juice +1.01%
Soybean Meal -4.22%
Soybeans -2.21%
Sugar #11 +0.24%
Wheat -5.37%
White Sugar +1.04%

Nifty heatmap

CNX NIFTY.2014-06-06.2014-06-13

Index Returns

index performance.2014-06-06.2014-06-13

Top winners and losers

ASIANPAINT +7.29%
COLPAL +7.62%
HCLTECH +8.38%
HINDPETRO -13.72%
M&MFIN -13.29%
DLF -12.12%
While you were not looking, Asian Paints suddenly went from being a laggard to one of the best performers this week.

ETFs

GOLDBEES +1.57%
NIFTYBEES +0.28%
PSUBNKBEES -0.88%
BANKBEES -1.58%
INFRABEES -2.05%
JUNIORBEES -2.89%
A healthy correction or is the Iraq problem going to tip us over?

Investment Theme Performance

High beta meltdown and the revenge of a diversified portfolio. In the worlds of Howard Marks: “Almost everything about superior investing is a two edged sword: If you concentrate your portfolio, your mistakes will kill you. If you diversify, the payoff from your successes will be diminished.”

Sector Performance

Why are paper companies rallying?

sector performance.2014-06-06.2014-06-13

Yield Curve

yield Curve.2014-06-06.2014-06-13

Advance Decline

advance.decline.line2.2014-06-06.2014-06-13

Thought for the weekend

The strategy for winning in tennis is to avoid mistakes. The way to avoid mistakes is to be conservative and keep the ball in play, letting the other fellow have plenty of room in which to blunder his way to defeat, because he, being an amateur will play a losing game and not know it.

Source: Avoiding Stupidity is Easier than Seeking Brilliance

Weekly Recap: Confirmation Bias

Equities

world equity markets 2014-05-30.2014-06-06

The Nifty ended the week +4.89% (+4.60% in USD terms.)

Major
DAX(DEU) +0.44%
CAC(FRA) +1.36%
UKX(GBR) +0.20%
NKY(JPN) +3.04%
SPX(USA) +1.49%
MINTs
JCI(IDN) +0.88%
INMEX(MEX) +2.62%
NGSEINDX(NGA) +0.13%
XU030(TUR) +1.61%
BRICS
IBOV(BRA) +3.24%
SHCOMP(CHN) -0.45%
NIFTY(IND) +4.89%
INDEXCF(RUS) +3.69%
TOP40(ZAF) +0.64%

Commodities

Energy
Brent Crude Oil -0.69%
Ethanol -8.35%
Heating Oil -0.22%
Natural Gas +3.56%
RBOB Gasoline -1.71%
WTI Crude Oil +0.19%
Metals
Copper -2.55%
Gold 100oz +0.61%
Palladium +1.12%
Platinum +0.08%
Silver 5000oz +1.60%

Currencies

USDEUR:-0.04% USDJPY:+0.73%

MINTs
USDIDR(IDN) +1.38%
USDMXN(MEX) +0.58%
USDNGN(NGA) +1.02%
USDTRY(TUR) -0.89%
BRICS
USDBRL(BRA) +0.16%
USDCNY(CHN) +0.06%
USDINR(IND) +0.14%
USDRUB(RUS) -1.38%
USDZAR(ZAF) +0.12%
Agricultural
Cattle +2.21%
Cocoa +0.15%
Coffee (Arabica) -3.32%
Coffee (Robusta) +1.98%
Corn -1.71%
Cotton -1.01%
Feeder Cattle +1.85%
Lean Hogs +1.59%
Lumber -2.47%
Orange Juice +2.25%
Soybean Meal -2.38%
Soybeans -2.43%
Sugar #11 -2.25%
Wheat -1.51%
White Sugar -2.15%

Nifty Heatmap

CNX NIFTY.2014-05-30.2014-06-06

Index Returns

index performance.2014-05-30.2014-06-06

Top Winners and Losers

ONGC +23.14%
RELCAPITAL +23.77%
SAIL +24.00%
HCLTECH -6.40%
DRREDDY -4.33%
BOSCHLTD -3.54%
SAILed away…

ETFs

JUNIORBEES +6.30%
PSUBNKBEES +5.43%
NIFTYBEES +5.24%
BANKBEES +4.98%
INFRABEES +3.03%
GOLDBEES -0.75%
Another week of negative performance for Gold. Midcap stocks rallied…

Investment Theme Performance

High Beta and Quality-to-Price have consistently made the charts…

Sector Performance

sector performance.2014-05-30.2014-06-06

Yield Curve

Bonds got bid up, yields compressed across the curve…

yield Curve.2014-05-30.2014-06-06

Thought for the weekend

There are some people in the financial industry that look at both sides of an argument and make their decisions using realistic probabilities. The problem is you won’t hear many of this level-headed reasoning because it will get drowned out by the overconfident prognosticators that make their forecasts with complete certainty.

Source: Perma-Arguments

Weekly Recap: Certainty Is an Illusion

Equities

world equity markets 2014-05-23.2014-05-30

The Nifty ended -1.86% this week (-2.78% in USD terms)

Major
DAX(DEU) +1.79%
CAC(FRA) +0.59%
UKX(GBR) +0.42%
NKY(JPN) +1.18%
SPX(USA) +1.28%
MINTs
JCI(IDN) -1.59%
INMEX(MEX) -1.18%
NGSEINDX(NGA) +4.12%
XU030(TUR) +1.71%
BRICS
IBOV(BRA) -2.77%
SHCOMP(CHN) +0.23%
NIFTY(IND) -1.86%
INDEXCF(RUS) -0.48%
TOP40(ZAF) -0.56%

Commodities

Energy
Brent Crude Oil -0.96%
Ethanol +1.89%
Heating Oil -2.16%
Natural Gas +3.59%
RBOB Gasoline -1.41%
WTI Crude Oil -1.32%
Metals
Copper -0.94%
Gold 100oz -3.32%
Palladium +0.85%
Platinum -1.42%
Silver 5000oz -3.09%

Currencies

USDEUR:-0.01% USDJPY:-0.17%

MINTs
USDIDR(IDN) +0.53%
USDMXN(MEX) -0.04%
USDNGN(NGA) +0.19%
USDTRY(TUR) +0.73%
BRICS
USDBRL(BRA) +0.81%
USDCNY(CHN) +0.18%
USDINR(IND) +1.02%
USDRUB(RUS) +2.17%
USDZAR(ZAF) +2.57%
Agricultural
Cattle +0.99%
Cocoa +2.42%
Coffee (Arabica) -2.23%
Coffee (Robusta) -3.10%
Corn -2.77%
Cotton +0.17%
Feeder Cattle +2.26%
Lean Hogs -2.89%
Lumber -2.02%
Orange Juice +0.79%
Soybean Meal -0.75%
Soybeans -1.67%
Sugar #11 -0.46%
Wheat -3.76%
White Sugar -0.13%

Nifty Heatmap

CNX NIFTY heatmap 2014-05-23.2014-05-30

Index Returns

index performance 2014-05-23.2014-05-30

Top winners and losers

HINDUNILVR +7.45%
TECHM +7.65%
MPHASIS +10.16%
IDFC -11.83%
BANKBARODA -11.72%
CANBK -11.58%
Banks were hit by a wave of profit taking…

ETFs

INFRABEES +0.44%
NIFTYBEES -2.21%
GOLDBEES -2.31%
BANKBEES -3.29%
JUNIORBEES -4.32%
PSUBNKBEES -6.24%
Pretty much all in the red…

Investment Theme Performance

It was brutal for most investment strategies this week…

Sector Performance

sector performance 2014-05-23.2014-05-30

Yield Curve

Yields continue to trend lower. Is the market pricing in a rate cut?

yield Curve 2014-05-23.2014-05-30

Thought for the weekend

In an uncertain world, we cannot plan everything ahead. Here, we can only cross each bridge when we come to it, not beforehand. The very desire to plan and organize everything may be part of the problem, not the solution.
 
Small children often need security blankets to soothe their fears. Yet for the mature adult, a high need for certainty can be a dangerous thing. It prevents us from learning to face the uncertainty pervading our lives.
 
At the same time, a psychological need is not entirely to blame for the illusion of certainty. Manufacturers of certainty play a crucial role in cultivating the illusion. They delude us into thinking that our future is predictable, as long as the right technology is at hand.

Source: Certainty Is an Illusion

Weekly Recap: Towers of Abstraction and Sedition

Equities

world equities 2014-05-16.2014-05-23

The Nifty continued its crazy ride on Modi’s rocket ship, +2.28% (+2.84% in USD terms.)

Major
DAX(DEU) +1.44%
CAC(FRA) +0.83%
UKX(GBR) -0.58%
NKY(JPN) +2.59%
SPX(USA) +1.71%
MINTs
JCI(IDN) -1.16%
INMEX(MEX) +0.72%
NGSEINDX(NGA) +2.08%
XU030(TUR) +4.39%
BRICS
IBOV(BRA) -2.26%
SHCOMP(CHN) +0.40%
NIFTY(IND) +2.28%
INDEXCF(RUS) +3.35%
TOP40(ZAF) +1.85%

Commodities

Energy
Brent Crude Oil +0.70%
Ethanol +3.79%
Heating Oil -0.01%
Natural Gas -0.72%
RBOB Gasoline +1.41%
WTI Crude Oil +2.35%
Metals
Copper +0.32%
Gold 100oz -0.01%
Palladium +1.78%
Platinum +0.64%
Silver 5000oz +0.52%

Currencies

USDEUR:+0.52% USDJPY:+0.49%

MINTs
USDIDR(IDN) +1.77%
USDMXN(MEX) -0.35%
USDNGN(NGA) -0.07%
USDTRY(TUR) -0.78%
BRICS
USDBRL(BRA) +0.53%
USDCNY(CHN) +0.04%
USDINR(IND) -0.47%
USDRUB(RUS) -1.72%
USDZAR(ZAF) -0.57%
Agricultural
Cattle -1.07%
Cocoa +4.27%
Coffee (Arabica) -1.01%
Coffee (Robusta) -3.57%
Corn -1.65%
Cotton -3.72%
Feeder Cattle +2.97%
Lean Hogs -1.91%
Lumber -2.91%
Orange Juice +2.06%
Soybean Meal +4.79%
Soybeans +3.26%
Sugar #11 -2.35%
Wheat -3.22%
White Sugar -3.66%

Nifty Heatmap

CNX NIFTY.2014-05-16.2014-05-23

Index Returns

index performance 2014-05-16.2014-05-23

Top winners and losers

UNIONBANK +25.01%
DLF +27.96%
CANBK +29.61%
AMBUJACEM -4.97%
SUNPHARMA -4.76%
GODREJCP -4.45%
DLF: dinged before elections for fear of Modi victory, panic buying after elections on Modi victory. Did somebody say class-action lawsuit?

ETFs

PSUBNKBEES +14.93%
JUNIORBEES +9.12%
INFRABEES +8.34%
BANKBEES +3.30%
NIFTYBEES +2.35%
GOLDBEES -5.57%
Gold? What gold? Get me some PSU banks!

Investment Theme Performance

The Modi wave continued to lift all boats…

Sector Performance

sector performance 2014-05-16.2014-05-23

Yield Curve

All quiet on the western front.

yield Curve 2014-05-16.2014-05-23

Advance Decline

advance.decline.line2.2014-05-16.2014-05-23

Thought for the weekend

Geeks have deep isolationist tendencies. They build an early affinity with machines and programs. They sense that programming is the ultimate in world-building, and what’s more, it’s executable! They build elaborate towers of abstraction. They are drunk on the clean rationality of the world that the machine and they have built and understand.
 
The world of humans is messy, unpredictable, and — this is the part that infuriates you the most, the part you simply don’t get, the part that will forever make you an outsider — unreasonable. Humans are unreasonable.

Source: Why technologists want to secede