{"id":2014201,"date":"2015-01-31T11:10:03","date_gmt":"2015-01-31T05:40:03","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2014201"},"modified":"2015-01-31T11:10:03","modified_gmt":"2015-01-31T05:40:03","slug":"weekly-recap-fired-keynes","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2015\/01\/31\/weekly-recap-fired-keynes\/","title":{"rendered":"Weekly Recap: You would have fired Keynes"},"content":{"rendered":"

\"world.2015-01-23.2015-01-30\"<\/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+0.42%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n-0.79%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n-1.22%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n+0.93%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n-3.20%<\/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-0.65%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n-4.70%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n-0.84%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n-2.36%<\/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-3.57%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n-4.22%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n-0.30%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n-1.44%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n+3.35%<\/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+8.76%<\/span><\/td>\n<\/tr>\n
Natural Gas<\/td>\n-9.78%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n+9.15%<\/span><\/td>\n<\/tr>\n
Heating Oil<\/td>\n+2.68%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n+4.59%<\/span><\/td>\n<\/tr>\n
Ethanol<\/td>\n-4.48%<\/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-1.21%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n-2.23%<\/span><\/td>\n<\/tr>\n
Copper<\/td>\n-0.39%<\/span><\/td>\n<\/tr>\n
Palladium<\/td>\n-0.48%<\/span><\/td>\n<\/tr>\n
Silver 5000oz<\/td>\n-6.52%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:-0.39% <\/span> USDJPY<\/a>:-0.26% <\/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+1.71%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n+2.26%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n-1.49%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n+4.01%<\/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+3.87%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n+0.35%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n+0.71%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n+8.50%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n+2.12%<\/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+2.97%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n-0.93%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n-2.52%<\/span><\/td>\n<\/tr>\n
Cocoa<\/td>\n-1.70%<\/span><\/td>\n<\/tr>\n
Corn<\/td>\n-4.21%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n-0.83%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n-1.54%<\/span><\/td>\n<\/tr>\n
Coffee (Arabica)<\/td>\n+0.56%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n+1.80%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n+4.47%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n-5.64%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n+3.58%<\/span><\/td>\n<\/tr>\n
Lean Hogs<\/td>\n-2.73%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/td>\n-4.10%<\/span><\/td>\n<\/tr>\n
Sugar #11<\/td>\n-2.50%<\/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-0.47%<\/span><\/td>\n<\/tr>\n
Markit CDX NA HY<\/td>\n-0.41%<\/span><\/td>\n<\/tr>\n
Markit CDX NA IG<\/td>\n+0.80%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Asia ex-Japan IG<\/td>\n-2.99%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Australia<\/td>\n-1.67%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe<\/td>\n+0.81%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe Crossover<\/td>\n+3.18%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Japan<\/td>\n-2.11%<\/span><\/td>\n<\/tr>\n
Markit iTraxx SovX Western Europe<\/td>\n+0.12%<\/span><\/td>\n<\/tr>\n
Markit LCDX (Loan CDS)<\/td>\n+0.02%<\/span><\/td>\n<\/tr>\n
Markit MCDX (Municipal CDS)<\/td>\n+0.38%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nIndia got off lightly in the carnage this week.
\nUS large-cap earnings were weak due to the rapid appreciation of the US Dollar.
\nOil found a bid but precious metals were hit.\n<\/div>\n<\/div>\n

Nifty Heatmap<\/h3>\n

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

Index Returns<\/h3>\n

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

Sector Performance<\/h3>\n

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

Advance Decline<\/h3>\n

\"advance.decline.line2.2015-01-23.2015-01-30\"<\/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-8.74%<\/span><\/td>\n67\/70<\/td>\n<\/tr>\n
2<\/td>\n-7.77%<\/span><\/td>\n65\/73<\/td>\n<\/tr>\n
3<\/td>\n-4.87%<\/span><\/td>\n55\/82<\/td>\n<\/tr>\n
4<\/td>\n-4.92%<\/span><\/td>\n64\/74<\/td>\n<\/tr>\n
5<\/td>\n-2.13%<\/span><\/td>\n68\/69<\/td>\n<\/tr>\n
6<\/td>\n-3.39%<\/span><\/td>\n68\/70<\/td>\n<\/tr>\n
7<\/td>\n-0.75%<\/span><\/td>\n65\/73<\/td>\n<\/tr>\n
8<\/td>\n-0.09%<\/span><\/td>\n64\/73<\/td>\n<\/tr>\n
9<\/td>\n+0.30%<\/span><\/td>\n66\/72<\/td>\n<\/tr>\n
10 (mega)<\/td>\n+2.15%<\/span><\/td>\n69\/69<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nLarge caps were the best performers …\n<\/div>\n<\/div>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n
BPCL<\/a><\/td>\n+10.98%<\/span><\/td>\n<\/tr>\n
ADANIENT<\/a><\/td>\n+11.25%<\/span><\/td>\n<\/tr>\n
HINDPETRO<\/a><\/td>\n+13.91%<\/span><\/td>\n<\/tr>\n
UNIONBANK<\/a><\/td>\n-16.81%<\/span><\/td>\n<\/tr>\n
BANKBARODA<\/a><\/td>\n-13.42%<\/span><\/td>\n<\/tr>\n
BANKINDIA<\/a><\/td>\n-9.53%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nBank earnings were a rude wake-up call about the true state of the current economy. Bad loans from the previous boom continue to haunt financials.\n<\/div>\n<\/div>\n

ETF Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
INFRABEES<\/a><\/td>\n+1.07%<\/span><\/td>\n<\/tr>\n
JUNIORBEES<\/a><\/td>\n+1.04%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n+0.31%<\/span><\/td>\n<\/tr>\n
GOLDBEES<\/a><\/td>\n+0.06%<\/span><\/td>\n<\/tr>\n
CPSEETF<\/a><\/td>\n-0.08%<\/span><\/td>\n<\/tr>\n
BANKBEES<\/a><\/td>\n-0.66%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n-4.44%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nGiven how poorly government owned enterprises are managed, why own any PSE at all?\n<\/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+0.07<\/span><\/td>\n+0.13%<\/span><\/td>\n<\/tr>\n
GSEC SUB 1-3<\/td>\n+0.14<\/span><\/td>\n+0.06%<\/span><\/td>\n<\/tr>\n
GSEC SUB 3-8<\/td>\n+0.05<\/span><\/td>\n+0.09%<\/span><\/td>\n<\/tr>\n
GSEC SUB 8<\/td>\n+0.00<\/span><\/td>\n+0.21%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nUnchanged.\n<\/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
Enterprise Yield<\/a><\/td>\n+9.83%<\/span><\/td>\n<\/tr>\n
Growth with Moat<\/a><\/td>\n+3.74%<\/span><\/td>\n<\/tr>\n
Market Elephants<\/a><\/td>\n+2.95%<\/span><\/td>\n<\/tr>\n
Efficient Growth<\/a><\/td>\n+1.89%<\/span><\/td>\n<\/tr>\n
ADAG Mania<\/a><\/td>\n+1.68%<\/span><\/td>\n<\/tr>\n
Financial Strength Value<\/a><\/td>\n+0.95%<\/span><\/td>\n<\/tr>\n
IT 3rd Benchers<\/a><\/td>\n+0.77%<\/span><\/td>\n<\/tr>\n
Old Economy Value<\/a><\/td>\n+0.73%<\/span><\/td>\n<\/tr>\n
CNX 100 50-Day Tactical<\/a><\/td>\n+0.68%<\/span><\/td>\n<\/tr>\n
Balance-sheet Strength<\/a><\/td>\n+0.04%<\/span><\/td>\n<\/tr>\n
Magic Formula Investing<\/a><\/td>\n+0.03%<\/span><\/td>\n<\/tr>\n
Market Fliers<\/a><\/td>\n-1.00%<\/span><\/td>\n<\/tr>\n
Refract: PPFAS Long Term Value Fund<\/a><\/td>\n-1.05%<\/span><\/td>\n<\/tr>\n
Auto <\/a><\/td>\n-2.03%<\/span><\/td>\n<\/tr>\n
Quality to Price<\/a><\/td>\n-2.15%<\/span><\/td>\n<\/tr>\n
Piotroski ROC Small Caps<\/a><\/td>\n-2.80%<\/span><\/td>\n<\/tr>\n
The Other Value<\/a><\/td>\n-2.82%<\/span><\/td>\n<\/tr>\n
Momentum 200<\/a><\/td>\n-5.11%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nMomentum took it on the chin this week…\n<\/div>\n<\/div>\n

Equity Mutual Funds<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Best<\/th>\n<\/tr>\n<\/thead>\n
Religare Invesco Equity Fund – Growth<\/a><\/td>\n+2.78%<\/span><\/td>\n<\/tr>\n
MOSt Focused Multicap 35-Regular Plan-Growth Option<\/a><\/td>\n+2.47%<\/span><\/td>\n<\/tr>\n
HSBC Progressive Themes Fund – Growth<\/a><\/td>\n+2.32%<\/span><\/td>\n<\/tr>\n
JM Tax Gain Fund – Growth option<\/a><\/td>\n+2.15%<\/span><\/td>\n<\/tr>\n
MOSt Focused Midcap 30-Regular Plan-Growth Option<\/a><\/td>\n+2.01%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Advisor Series Long Term Saving Plan – Regular Plan – Growth<\/a><\/td>\n+1.81%<\/span><\/td>\n<\/tr>\n
IDFC Tax Advantage (ELSS) Fund-Regular Plan-Growth<\/a><\/td>\n+1.68%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n
Worst<\/th>\n<\/tr>\n<\/thead>\n
Sundaram PSU Opportunities Growth Option<\/a><\/td>\n-1.75%<\/span><\/td>\n<\/tr>\n
Mirae Asset Global Commodity Stocks – Growth Option<\/a><\/td>\n-1.82%<\/span><\/td>\n<\/tr>\n
Baroda Pioneer PSU Equity Fund- Plan A – Growth Option<\/a><\/td>\n-2.10%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Dividend Yield Equity Fund Regular Plan Growth Option<\/a><\/td>\n-2.16%<\/span><\/td>\n<\/tr>\n
Sahara Midcap Fund-Growth Plan<\/a><\/td>\n-2.33%<\/span><\/td>\n<\/tr>\n
Sahara Star Value Fund-Growth Option<\/a><\/td>\n-2.57%<\/span><\/td>\n<\/tr>\n
SBI PSU Fund – REGULAR PLAN -Growth<\/a><\/td>\n-3.26%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Bond Mutual Funds<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Best<\/th>\n<\/tr>\n<\/thead>\n
UTI – GILT ADVANTAGE-LONG TERM-GROWTH<\/a><\/td>\n+0.47%<\/span><\/td>\n<\/tr>\n
JM G-Sec Fund-Regular Plan-Growth Plan – Growth Option<\/a><\/td>\n+0.44%<\/span><\/td>\n<\/tr>\n
L&T Gilt Fund-Growth<\/a><\/td>\n+0.42%<\/span><\/td>\n<\/tr>\n
Franklin India Govt.Sec. Fund-Composite Plan – Growth<\/a><\/td>\n+0.41%<\/span><\/td>\n<\/tr>\n
Franklin India Govt.Sec. Fund-PF Plan – Growth<\/a><\/td>\n+0.41%<\/span><\/td>\n<\/tr>\n
Religare Invesco GILT Fund – Long Duration Plan – Growth<\/a><\/td>\n+0.41%<\/span><\/td>\n<\/tr>\n
Franklin India Govt.Sec. Fund-Long Term Plan – Growth<\/a><\/td>\n+0.41%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n\n\n\n\n
Worst<\/th>\n<\/tr>\n<\/thead>\n
ICICI Prudential Income Opportunities Fund – Regular Plan – Growth<\/a><\/td>\n+0.14%<\/span><\/td>\n<\/tr>\n
DWS Gilt Fund Growth Op<\/a><\/td>\n+0.13%<\/span><\/td>\n<\/tr>\n
HDFC Gilt Fund-Short Term-Growth<\/a><\/td>\n+0.12%<\/span><\/td>\n<\/tr>\n
Birla Sun Life Dynamic Bond Fund-Discipline Advantage Plan-Growth<\/a><\/td>\n+0.12%<\/span><\/td>\n<\/tr>\n
Birla Sun Life Dynamic Bond Fund-Retail Plan-Growth<\/a><\/td>\n+0.12%<\/span><\/td>\n<\/tr>\n
DWS Inflation Indexed Bond Fund- Regular Plan- Growth<\/a><\/td>\n-0.29%<\/span><\/td>\n<\/tr>\n
HDFC Inflation Indexed Bond Fund – Regular Growth<\/a><\/td>\n-0.36%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Thought for the weekend<\/h3>\n
\nJohn Maynard Keynes was also an extraordinary investor. He was a fundamental, focused investor, similar to Warren Buffett in that he practiced buy and hold in a select group of stock holdings. But even with a small number of holdings he still tried to diversify his risks.<\/p>\n

But given the volatility of his returns, there is no way investors would put up with this type of drawdowns in today\u2019s investment world. Keynes would certainly be fired if he were managing money this way today.\n<\/p><\/div>\n

Source: Would Keynes Have Been Fired as a Money Manager Today?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Equities Major DAX(DEU) +0.42% CAC(FRA) -0.79% UKX(GBR) -1.22% NKY(JPN) +0.93% SPX(USA) -3.20% MINTs JCI(IDN) -0.65% INMEX(MEX) -4.70% NGSEINDX(NGA) -0.84% XU030(TUR) -2.36% BRICS IBOV(BRA) -3.57% SHCOMP(CHN) -4.22% NIFTY(IND) -0.30% INDEXCF(RUS) -1.44% TOP40(ZAF) +3.35% Commodities Energy Brent Crude Oil +8.76% Natural Gas -9.78% RBOB Gasoline +9.15% Heating Oil +2.68% WTI Crude Oil +4.59% Ethanol -4.48% 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-2014201","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\/2014201","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=2014201"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2014201\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2014201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2014201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2014201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}