{"id":2010901,"date":"2014-12-20T12:58:10","date_gmt":"2014-12-20T07:28:10","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2010901"},"modified":"2014-12-20T12:58:10","modified_gmt":"2014-12-20T07:28:10","slug":"weekly-recap-conflicts","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2014\/12\/20\/weekly-recap-conflicts\/","title":{"rendered":"Weekly Recap: Conflicts"},"content":{"rendered":"

\"world.2014-12-12.2014-12-19\"<\/a><\/p>\n

Equities<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
Major<\/th>\n<\/tr>\n<\/thead>\n
DAX(DEU)<\/a><\/td>\n+2.00%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n+3.23%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n+3.88%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n+1.44%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n+2.42%<\/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-0.31%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n+2.18%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n-1.49%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n+0.92%<\/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+3.43%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n+5.80%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n+0.01%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n-0.72%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n+2.96%<\/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
Ethanol<\/td>\n-5.78%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n-0.41%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n-1.60%<\/span><\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n-1.00%<\/span><\/td>\n<\/tr>\n
Heating Oil<\/td>\n-2.34%<\/span><\/td>\n<\/tr>\n
Natural Gas<\/td>\n-8.76%<\/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
Gold 100oz<\/td>\n-2.18%<\/span><\/td>\n<\/tr>\n
Palladium<\/td>\n-1.18%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n-2.83%<\/span><\/td>\n<\/tr>\n
Copper<\/td>\n-0.68%<\/span><\/td>\n<\/tr>\n
Silver 5000oz<\/td>\n-7.02%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:+1.82% <\/span> USDJPY<\/a>:+0.64% <\/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+0.24%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n-0.68%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n+0.83%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n+0.75%<\/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+0.32%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n+0.53%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n+1.61%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n+2.29%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n-0.08%<\/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
Cocoa<\/td>\n+3.59%<\/span><\/td>\n<\/tr>\n
Corn<\/td>\n+3.53%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n-3.96%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n-1.39%<\/span><\/td>\n<\/tr>\n
Coffee (Arabica)<\/td>\n+0.57%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n+0.12%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n-2.39%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/td>\n-5.25%<\/span><\/td>\n<\/tr>\n
Sugar #11<\/td>\n-0.40%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n+0.88%<\/span><\/td>\n<\/tr>\n
Cattle<\/td>\n-0.34%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n-2.21%<\/span><\/td>\n<\/tr>\n
Lean Hogs<\/td>\n-6.49%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n+0.29%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n+0.10%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Credit Indices<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Index<\/th>\nChange<\/th>\n<\/tr>\n<\/thead>\n
Markit CDX EM<\/td>\n-0.30%<\/span><\/td>\n<\/tr>\n
Markit CDX NA HY<\/td>\n+0.52%<\/span><\/td>\n<\/tr>\n
Markit CDX NA IG<\/td>\n+0.73%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Asia ex-Japan IG<\/td>\n+8.59%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Australia<\/td>\n+7.20%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe<\/td>\n+4.16%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe Crossover<\/td>\n+16.58%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Japan<\/td>\n+2.11%<\/span><\/td>\n<\/tr>\n
Markit iTraxx SovX Western Europe<\/td>\n+2.94%<\/span><\/td>\n<\/tr>\n
Markit LCDX (Loan CDS)<\/td>\n-0.18%<\/span><\/td>\n<\/tr>\n
Markit MCDX (Municipal CDS)<\/td>\n+2.46%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
All I can say about this week is that I am glad that its over.
\nThe NIFTY ended flat for the week but that hides the roller-coaster ride it put investors through. After all the oil-related panic, the S&P ended up more than 2% for the week.
\nOil ended down, dollar up.
\nHopefully Santa visits before expiry.<\/div>\n<\/div>\n

Index Returns<\/h3>\n

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

Advance Decline<\/h3>\n

\"advance.decline.line2.2014-12-12.2014-12-19\"<\/a><\/p>\n

Market Cap Decile Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Decile<\/th>\nMkt. Cap.<\/th>\nAdv\/Decl<\/th>\n<\/tr>\n<\/thead>\n
1 (micro)<\/td>\n-6.25%<\/span><\/td>\n63\/74<\/td>\n<\/tr>\n
2<\/td>\n-3.65%<\/span><\/td>\n63\/73<\/td>\n<\/tr>\n
3<\/td>\n-2.93%<\/span><\/td>\n64\/73<\/td>\n<\/tr>\n
4<\/td>\n-2.21%<\/span><\/td>\n61\/75<\/td>\n<\/tr>\n
5<\/td>\n-3.07%<\/span><\/td>\n63\/73<\/td>\n<\/tr>\n
6<\/td>\n-1.98%<\/span><\/td>\n65\/72<\/td>\n<\/tr>\n
7<\/td>\n-2.00%<\/span><\/td>\n56\/80<\/td>\n<\/tr>\n
8<\/td>\n-1.38%<\/span><\/td>\n64\/73<\/td>\n<\/tr>\n
9<\/td>\n-1.17%<\/span><\/td>\n64\/72<\/td>\n<\/tr>\n
10 (mega)<\/td>\n-0.01%<\/span><\/td>\n68\/69<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The sell-off was brutal below the mega-caps…<\/div>\n<\/div>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
ZEEL<\/a><\/td>\n+5.45%<\/span><\/td>\n<\/tr>\n
PETRONET<\/a><\/td>\n+6.27%<\/span><\/td>\n<\/tr>\n
PFC<\/a><\/td>\n+8.11%<\/span><\/td>\n<\/tr>\n
DLF<\/a><\/td>\n-13.19%<\/span><\/td>\n<\/tr>\n
BAJAJHLDNG<\/a><\/td>\n-8.34%<\/span><\/td>\n<\/tr>\n
RCOM<\/a><\/td>\n-7.32%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Broad based action saw a mix of winners and losers…<\/div>\n<\/div>\n

ETF Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
CPSEETF<\/a><\/td>\n+3.32%<\/span><\/td>\n<\/tr>\n
BANKBEES<\/a><\/td>\n+0.98%<\/span><\/td>\n<\/tr>\n
INFRABEES<\/a><\/td>\n+0.54%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n-0.03%<\/span><\/td>\n<\/tr>\n
JUNIORBEES<\/a><\/td>\n-0.22%<\/span><\/td>\n<\/tr>\n
GOLDBEES<\/a><\/td>\n-0.99%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n-1.93%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Banks withstood the onslaught well…<\/div>\n<\/div>\n

Yield Curve<\/h3>\n

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

Bond Indices<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
Sub Index<\/th>\nChange in YTM<\/th>\nTotal Return(%)<\/th>\n<\/tr>\n<\/thead>\n
GSEC TB<\/td>\n+0.44<\/span><\/td>\n+0.04%<\/span><\/td>\n<\/tr>\n
GSEC SUB 1-3<\/td>\n+0.43<\/span><\/td>\n-0.43%<\/span><\/td>\n<\/tr>\n
GSEC SUB 3-8<\/td>\n+0.19<\/span><\/td>\n-0.53%<\/span><\/td>\n<\/tr>\n
GSEC SUB 8<\/td>\n+0.08<\/span><\/td>\n-0.34%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Yields went up – breaking a long streak of falling rates.<\/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\n\n\n\n\n\n\n
Auto <\/a><\/td>\n+1.48%<\/span><\/td>\n<\/tr>\n
Market Fliers<\/a><\/td>\n+0.53%<\/span><\/td>\n<\/tr>\n
Quality to Price<\/a><\/td>\n+0.49%<\/span><\/td>\n<\/tr>\n
Refract: PPFAS Long Term Value Fund<\/a><\/td>\n+0.48%<\/span><\/td>\n<\/tr>\n
Enterprise Yield<\/a><\/td>\n+0.18%<\/span><\/td>\n<\/tr>\n
Momentum 200<\/a><\/td>\n+0.09%<\/span><\/td>\n<\/tr>\n
Momentum Long-Short<\/a><\/td>\n+0.00%<\/span><\/td>\n<\/tr>\n
The Other Value<\/a><\/td>\n-0.03%<\/span><\/td>\n<\/tr>\n
Financial Strength Value<\/a><\/td>\n-0.05%<\/span><\/td>\n<\/tr>\n
Old Economy Value<\/a><\/td>\n-0.18%<\/span><\/td>\n<\/tr>\n
Magic Formula Investing<\/a><\/td>\n-0.27%<\/span><\/td>\n<\/tr>\n
Balance-sheet Strength<\/a><\/td>\n-0.32%<\/span><\/td>\n<\/tr>\n
Piotroski ROC Small Caps<\/a><\/td>\n-0.72%<\/span><\/td>\n<\/tr>\n
Industrial Value<\/a><\/td>\n-0.89%<\/span><\/td>\n<\/tr>\n
Growth with Moat<\/a><\/td>\n-1.04%<\/span><\/td>\n<\/tr>\n
Efficient Growth<\/a><\/td>\n-2.02%<\/span><\/td>\n<\/tr>\n
CNX 100 50-Day Tactical<\/a><\/td>\n-2.28%<\/span><\/td>\n<\/tr>\n
Market Elephants<\/a><\/td>\n-2.30%<\/span><\/td>\n<\/tr>\n
IT 3rd Benchers<\/a><\/td>\n-2.31%<\/span><\/td>\n<\/tr>\n
ADAG Mania<\/a><\/td>\n-5.78%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Time to average in?<\/div>\n<\/div>\n

Thought for the weekend<\/h3>\n
Asset managers and asset owners have a relationship beset with natural conflicts.<\/p>\n
    \n
  1. Asset owners want fees below 10 bps; asset managers prefer “2% + 20%.”<\/li>\n
  2. Asset owners want transparency; asset managers favor black-box opacity.<\/li>\n
  3. Asset owners want simplicity; asset managers hire rocket scientists to create complex optimized solutions for sex appeal.<\/li>\n
  4. Asset owners want \u201cfuture\u201d outperformance after they fund a manager; asset managers would be satisfied with strong past outperformance to facilitate future asset gathering.<\/li>\n
  5. Asset owners want a bigger alpha; asset managers would happily sell them the possibility of alpha and charge handsomely for the service of selling hope.<\/li>\n<\/ol>\n<\/div>\n

    Source: The Promise of Smart Beta<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Equities Major DAX(DEU) +2.00% CAC(FRA) +3.23% UKX(GBR) +3.88% NKY(JPN) +1.44% SPX(USA) +2.42% MINTs JCI(IDN) -0.31% INMEX(MEX) +2.18% NGSEINDX(NGA) -1.49% XU030(TUR) +0.92% BRICS IBOV(BRA) +3.43% SHCOMP(CHN) +5.80% NIFTY(IND) +0.01% INDEXCF(RUS) -0.72% TOP40(ZAF) +2.96% Commodities Energy Ethanol -5.78% WTI Crude Oil -0.41% RBOB Gasoline -1.60% Brent Crude Oil -1.00% Heating Oil -2.34% Natural Gas -8.76% Metals Gold … <\/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":[987],"class_list":["post-2010901","post","type-post","status-publish","format-standard","hentry","category-your-money","tag-weekly","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2010901","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=2010901"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2010901\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2010901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2010901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2010901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}