{"id":1992881,"date":"2014-05-31T15:03:14","date_gmt":"2014-05-31T09:33:14","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=1992881"},"modified":"2014-05-31T15:05:48","modified_gmt":"2014-05-31T09:35:48","slug":"monthly-recap-rationality-vs-institutional-imperative","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2014\/05\/31\/monthly-recap-rationality-vs-institutional-imperative\/","title":{"rendered":"Monthly Recap: Rationality vs. Institutional Imperative"},"content":{"rendered":"

Equities<\/h3>\n

\"world<\/a><\/p>\n

The Nifty pitched in with a +7.97%<\/strong> bump (+10.35%<\/strong> in USD terms)<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n
Major<\/th>\n<\/tr>\n<\/thead>\n
DAX(DEU)<\/a><\/td>\n+3.54%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n+0.72%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n+0.95%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n+2.29%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n+2.40%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n
MINTs<\/th>\n<\/tr>\n<\/thead>\n
JCI(IDN)<\/a><\/td>\n+1.11%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n+2.27%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n+7.77%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n+7.85%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
BRICS<\/th>\n<\/tr>\n<\/thead>\n
IBOV(BRA)<\/a><\/td>\n-0.25%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n+0.63%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n+7.97%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n+9.65%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n+1.91%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n
\n
\n

Commodities<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n
Energy<\/th>\n<\/tr>\n<\/thead>\n
Brent Crude Oil<\/td>\n+1.35%<\/span><\/td>\n<\/tr>\n
Ethanol<\/td>\n+4.87%<\/span><\/td>\n<\/tr>\n
Heating Oil<\/td>\n-1.51%<\/span><\/td>\n<\/tr>\n
Natural Gas<\/td>\n-5.54%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n-1.18%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n+3.40%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
Metals<\/th>\n<\/tr>\n<\/thead>\n
Copper<\/td>\n+3.96%<\/span><\/td>\n<\/tr>\n
Gold 100oz<\/td>\n-3.39%<\/span><\/td>\n<\/tr>\n
Palladium<\/td>\n+3.27%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n+1.79%<\/span><\/td>\n<\/tr>\n
Silver 5000oz<\/td>\n-2.08%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:+1.73% <\/span> USDJPY<\/a>:-0.42% <\/span><\/p>\n

\n
\n\n\n\n\n\n\n\n\n
MINTs<\/th>\n<\/tr>\n<\/thead>\n
USDIDR(IDN)<\/a><\/td>\n+0.99%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n-1.73%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n-1.36%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n-0.88%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n
BRICS<\/th>\n<\/tr>\n<\/thead>\n
USDBRL(BRA)<\/a><\/td>\n+0.13%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n-0.20%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n-2.04%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n-2.15%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n+0.52%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Agricultural<\/th>\n<\/tr>\n<\/thead>\n
Cattle<\/td>\n-5.59%<\/span><\/td>\n<\/tr>\n
Cocoa<\/td>\n+6.21%<\/span><\/td>\n<\/tr>\n
Coffee (Arabica)<\/td>\n-13.98%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n-10.70%<\/span><\/td>\n<\/tr>\n
Corn<\/td>\n-9.49%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n-9.02%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n+8.98%<\/span><\/td>\n<\/tr>\n
Lean Hogs<\/td>\n-3.53%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n-7.36%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/td>\n+2.80%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n-0.75%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n-2.53%<\/span><\/td>\n<\/tr>\n
Sugar #11<\/td>\n+0.58%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n-11.99%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n-1.45%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Nifty Heatmap<\/h3>\n

\"CNX<\/a><\/p>\n

Index Performance<\/h3>\n

\"index<\/a><\/p>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
DLF<\/a><\/td>\n+49.91%<\/span><\/td>\n<\/tr>\n
SSLT<\/a><\/td>\n+51.31%<\/span><\/td>\n<\/tr>\n
PFC<\/a><\/td>\n+58.80%<\/span><\/td>\n<\/tr>\n
DRREDDY<\/a><\/td>\n-9.07%<\/span><\/td>\n<\/tr>\n
GLENMARK<\/a><\/td>\n-8.61%<\/span><\/td>\n<\/tr>\n
DIVISLAB<\/a><\/td>\n-7.68%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Pharma got whacked badly… it was a real estate and industrial show…<\/div>\n<\/div>\n

ETFs<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
INFRABEES<\/a><\/td>\n+28.66%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n+23.23%<\/span><\/td>\n<\/tr>\n
JUNIORBEES<\/a><\/td>\n+14.23%<\/span><\/td>\n<\/tr>\n
BANKBEES<\/a><\/td>\n+13.71%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n+7.57%<\/span><\/td>\n<\/tr>\n
GOLDBEES<\/a><\/td>\n-10.54%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Like a rocket…<\/div>\n<\/div>\n

Investment Theme Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Market Fliers<\/a><\/td>\n+36.20%<\/span><\/td>\n<\/tr>\n
Long Term Equity*<\/a><\/td>\n+18.38%<\/span><\/td>\n<\/tr>\n
Quality to Price<\/a><\/td>\n+17.71%<\/span><\/td>\n<\/tr>\n
Consistent10*<\/a><\/td>\n+14.03%<\/span><\/td>\n<\/tr>\n
Magic Formula Investing<\/a><\/td>\n+13.13%<\/span><\/td>\n<\/tr>\n
Momentum 200<\/a><\/td>\n+11.97%<\/span><\/td>\n<\/tr>\n
Enterprise Yield<\/a><\/td>\n+11.48%<\/span><\/td>\n<\/tr>\n
Balance-sheet Strength<\/a><\/td>\n+9.33%<\/span><\/td>\n<\/tr>\n
Growth with Moat<\/a><\/td>\n+7.35%<\/span><\/td>\n<\/tr>\n
IT 3rd Benchers<\/a><\/td>\n+5.82%<\/span><\/td>\n<\/tr>\n
Financial Strength Value<\/a><\/td>\n+4.92%<\/span><\/td>\n<\/tr>\n
Efficient Growth<\/a><\/td>\n+4.42%<\/span><\/td>\n<\/tr>\n
Market Elephants<\/a><\/td>\n+3.00%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Every single investment strategy ended in the green…<\/div>\n<\/div>\n

Sector Performance<\/h3>\n

\"sector<\/a><\/p>\n

Yield Curve<\/h3>\n

\"yield<\/a><\/p>\n

Interbank lending rates<\/h3>\n

\"mibor.30days.2014-05-30\"<\/a><\/p>\n

Thought to sum up the month<\/h3>\n

Warren Buffett:<\/strong><\/p>\n

My most surprising discovery: the overwhelming importance in business of an unseen force that we might call “the institutional imperative.”<\/p>\n

For example:<\/p>\n

    \n
  1. As if governed by Newton\u2019s First Law of Motion, an institution will resist any change in its current direction;<\/li>\n
  2. Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds;<\/li>\n
  3. Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and<\/li>\n
  4. the behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.<\/li>\n<\/ol>\n

    Source: Warren Buffett: These were my biggest early mistakes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Equities The Nifty pitched in with a +7.97% bump (+10.35% in USD terms) Major DAX(DEU) +3.54% CAC(FRA) +0.72% UKX(GBR) +0.95% NKY(JPN) +2.29% SPX(USA) +2.40% MINTs JCI(IDN) +1.11% INMEX(MEX) +2.27% NGSEINDX(NGA) +7.77% XU030(TUR) +7.85% BRICS IBOV(BRA) -0.25% SHCOMP(CHN) +0.63% NIFTY(IND) +7.97% INDEXCF(RUS) +9.65% TOP40(ZAF) +1.91% Commodities Energy Brent Crude Oil +1.35% Ethanol +4.87% Heating Oil -1.51% … <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1881],"class_list":["post-1992881","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-monthly","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1992881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=1992881"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1992881\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=1992881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=1992881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=1992881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}