{"id":2019622,"date":"2015-04-11T11:00:50","date_gmt":"2015-04-11T05:30:50","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2019622"},"modified":"2015-04-11T11:03:02","modified_gmt":"2015-04-11T05:33:02","slug":"weekly-recap-what-causes-recessions","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2015\/04\/11\/weekly-recap-what-causes-recessions\/","title":{"rendered":"Weekly Recap: What Causes Recessions?"},"content":{"rendered":"

\"world.2015-04-1.2015-04-10\"<\/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+3.11%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n+3.52%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n+4.12%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n+4.59%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n+2.24%<\/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+0.45%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n+2.01%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n+1.57%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n+1.23%<\/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+3.42%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n+5.88%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n+2.26%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n-0.29%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n+2.18%<\/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
Heating Oil<\/td>\n+1.02%<\/span><\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n+1.01%<\/span><\/td>\n<\/tr>\n
Ethanol<\/td>\n+1.03%<\/span><\/td>\n<\/tr>\n
Natural Gas<\/td>\n-4.35%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n-1.32%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n+3.27%<\/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
Silver 5000oz<\/td>\n-1.20%<\/span><\/td>\n<\/tr>\n
Palladium<\/td>\n+3.72%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n+0.60%<\/span><\/td>\n<\/tr>\n
Copper<\/td>\n-0.36%<\/span><\/td>\n<\/tr>\n
Gold 100oz<\/td>\n+0.17%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:+1.61% <\/span> USDJPY<\/a>:+0.50% <\/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-0.93%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n+0.66%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n+0.01%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n+1.17%<\/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-3.03%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n+0.17%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n-0.28%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n-6.78%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n+0.07%<\/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
Sugar #11<\/td>\n+4.55%<\/span><\/td>\n<\/tr>\n
Coffee (Arabica)<\/td>\n+1.08%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n+6.95%<\/span><\/td>\n<\/tr>\n
Corn<\/td>\n-1.18%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n-3.00%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n+2.18%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n+3.65%<\/span><\/td>\n<\/tr>\n
Lean Hogs<\/td>\n-0.53%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n-2.52%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/td>\n-9.96%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n-6.64%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n-3.82%<\/span><\/td>\n<\/tr>\n
Cattle<\/td>\n-1.88%<\/span><\/td>\n<\/tr>\n
Cocoa<\/td>\n+0.99%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n-0.57%<\/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+1.47%<\/span><\/td>\n<\/tr>\n
Markit CDX NA HY<\/td>\n+0.49%<\/span><\/td>\n<\/tr>\n
Markit CDX NA IG<\/td>\n-3.14%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Asia ex-Japan IG<\/td>\n-4.97%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Australia<\/td>\n-4.50%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe<\/td>\n-0.71%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe Crossover<\/td>\n-11.21%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Japan<\/td>\n-1.42%<\/span><\/td>\n<\/tr>\n
Markit iTraxx SovX Western Europe<\/td>\n-0.56%<\/span><\/td>\n<\/tr>\n
Markit LCDX (Loan CDS)<\/td>\n-0.09%<\/span><\/td>\n<\/tr>\n
Markit MCDX (Municipal CDS)<\/td>\n-0.14%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nIt was a good week for the equity markets. Ruble strength came as a surprise and credit gauges were bullish.\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.line2.2015-04-1.2015-04-10\"<\/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+10.90%<\/span><\/td>\n78\/53<\/td>\n<\/tr>\n
2<\/td>\n+11.87%<\/span><\/td>\n85\/46<\/td>\n<\/tr>\n
3<\/td>\n+12.22%<\/span><\/td>\n86\/45<\/td>\n<\/tr>\n
4<\/td>\n+11.65%<\/span><\/td>\n83\/47<\/td>\n<\/tr>\n
5<\/td>\n+9.90%<\/span><\/td>\n86\/45<\/td>\n<\/tr>\n
6<\/td>\n+8.36%<\/span><\/td>\n79\/52<\/td>\n<\/tr>\n
7<\/td>\n+8.67%<\/span><\/td>\n78\/52<\/td>\n<\/tr>\n
8<\/td>\n+5.18%<\/span><\/td>\n73\/58<\/td>\n<\/tr>\n
9<\/td>\n+4.27%<\/span><\/td>\n70\/61<\/td>\n<\/tr>\n
10 (mega)<\/td>\n+3.25%<\/span><\/td>\n71\/60<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nA broad-based rally saw mid- and small-caps out-perform the large-caps.\n<\/div>\n<\/div>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n
GODREJCP<\/a><\/td>\n+10.90%<\/span><\/td>\n<\/tr>\n
UBL<\/a><\/td>\n+14.68%<\/span><\/td>\n<\/tr>\n
RCOM<\/a><\/td>\n+18.53%<\/span><\/td>\n<\/tr>\n
LUPIN<\/a><\/td>\n-3.60%<\/span><\/td>\n<\/tr>\n
HDFC<\/a><\/td>\n-3.49%<\/span><\/td>\n<\/tr>\n
FEDERALBNK<\/a><\/td>\n-3.38%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nRally in RCOM seems a bit premature…\n<\/div>\n<\/div>\n

ETF Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
JUNIORBEES<\/a><\/td>\n+4.48%<\/span><\/td>\n<\/tr>\n
CPSEETF<\/a><\/td>\n+3.62%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n+3.57%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n+2.22%<\/span><\/td>\n<\/tr>\n
BANKBEES<\/a><\/td>\n+1.07%<\/span><\/td>\n<\/tr>\n
INFRABEES<\/a><\/td>\n+1.07%<\/span><\/td>\n<\/tr>\n
GOLDBEES<\/a><\/td>\n+0.83%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nGreen across the board, but gold under-performed equities…\n<\/div>\n<\/div>\n

Gold vs. Midcaps<\/h3>\n

You can send this to your mother-in-law. (http:\/\/svz.bz\/1CCWifr<\/a>)<\/p>\n

<\/p>\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+0.01<\/span><\/td>\n+0.21%<\/span><\/td>\n<\/tr>\n
GSEC SUB 1-3<\/td>\n+0.14<\/span><\/td>\n+0.19%<\/span><\/td>\n<\/tr>\n
GSEC SUB 3-8<\/td>\n+0.09<\/span><\/td>\n-0.00%<\/span><\/td>\n<\/tr>\n
GSEC SUB 8<\/td>\n+0.11<\/span><\/td>\n-0.48%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nRates went up a smidgen. One would think that with the Moody’s change in outlook to “Positive”, we would have seen a rally in bonds…\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
Financial Strength Value<\/a><\/td>\n+11.00%<\/span><\/td>\n<\/tr>\n
Momentum<\/a><\/td>\n+10.31%<\/span><\/td>\n<\/tr>\n
Quality to Price<\/a><\/td>\n+10.22%<\/span><\/td>\n<\/tr>\n
ADAG stocks<\/a><\/td>\n+10.04%<\/span><\/td>\n<\/tr>\n
Textile, Metals, Chemicals, Paper and Energy Quality to Price<\/a><\/td>\n+6.96%<\/span><\/td>\n<\/tr>\n
High Beta<\/a><\/td>\n+6.56%<\/span><\/td>\n<\/tr>\n
Auto and Consumer Goods Quality to Price<\/a><\/td>\n+5.58%<\/span><\/td>\n<\/tr>\n
Media, Health, IT, Telecom, Services, Pharma Quality To Price<\/a><\/td>\n+4.90%<\/span><\/td>\n<\/tr>\n
Magic Formula<\/a><\/td>\n+4.84%<\/span><\/td>\n<\/tr>\n
PPFAS Long Term Value<\/a><\/td>\n+4.68%<\/span><\/td>\n<\/tr>\n
Tactical CNX 100<\/a><\/td>\n+4.50%<\/span><\/td>\n<\/tr>\n
Balance Sheet Strength<\/a><\/td>\n+4.33%<\/span><\/td>\n<\/tr>\n
ASK Life<\/a><\/td>\n+4.32%<\/span><\/td>\n<\/tr>\n
CNX 100 Enterprise Yield<\/a><\/td>\n+3.67%<\/span><\/td>\n<\/tr>\n
Low Volatility<\/a><\/td>\n+3.05%<\/span><\/td>\n<\/tr>\n
Next Trillion<\/a><\/td>\n+2.22%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nA week when all strategies kicked in…\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
Mirae Asset China Advantage Fund – Regular Plan Growth Option<\/a><\/td>\n+11.02%<\/span><\/td>\n<\/tr>\n
SBI Smal & Midcap – Regular Plan – Growth<\/a><\/td>\n+6.76%<\/span><\/td>\n<\/tr>\n
Escorts Leading Sectors Fund – Growth Option<\/a><\/td>\n+6.39%<\/span><\/td>\n<\/tr>\n
HSBC Midcap Equity Fund – Growth<\/a><\/td>\n+6.13%<\/span><\/td>\n<\/tr>\n
Kotak Global Emerging Market Fund – Growth<\/a><\/td>\n+5.98%<\/span><\/td>\n<\/tr>\n
DSP BlackRock Micro Cap Fund – Regular – Growth<\/a><\/td>\n+5.90%<\/span><\/td>\n<\/tr>\n
MOSt Focused Midcap 30-Regular Plan-Growth Option<\/a><\/td>\n+5.89%<\/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 Equity Arbitrage Fund – Regular Plan – Growth<\/a><\/td>\n+0.15%<\/span><\/td>\n<\/tr>\n
BIRLA SUN LIFE ENHANCED ARBITRAGE FUND – RETAIL PLAN – GROWTH<\/a><\/td>\n+0.14%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Blended Plan A – Regular Plan – Growth<\/a><\/td>\n+0.13%<\/span><\/td>\n<\/tr>\n
Kotak Equity Arbitrage Fund – Growth<\/a><\/td>\n+0.13%<\/span><\/td>\n<\/tr>\n
Principal Debt Savings Fund – MIP – Growth Option<\/a><\/td>\n+0.05%<\/span><\/td>\n<\/tr>\n
IDFC Arbitrage Plus Fund-Regular Plan-Growth<\/a><\/td>\n+0.04%<\/span><\/td>\n<\/tr>\n
Birla Sun Life International Equity Fund Plan A- Growth<\/a><\/td>\n+0.03%<\/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
Escorts Income Plan-Growth<\/a><\/td>\n+0.49%<\/span><\/td>\n<\/tr>\n
DWS Premier Bond Fund – Regular Plan-\/-Growth Plan<\/a><\/td>\n+0.40%<\/span><\/td>\n<\/tr>\n
DWS PREMIER BOND FUND INST PLAN GROWTH<\/a><\/td>\n+0.38%<\/span><\/td>\n<\/tr>\n
Baroda Pioneer Credit Opportunities Fund -Plan B-Growth Option<\/a><\/td>\n+0.30%<\/span><\/td>\n<\/tr>\n
Kotak Coporate Bond Fund- Retail Plan-Growth Option<\/a><\/td>\n+0.27%<\/span><\/td>\n<\/tr>\n
Baroda Pioneer Credit Opportunities Fund -Plan A -Growth Option<\/a><\/td>\n+0.27%<\/span><\/td>\n<\/tr>\n
Kotak Corporate Bond Fund- Standard Plan-Growth Option<\/a><\/td>\n+0.26%<\/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
Canara Robeco Gilt PGS – Regular Plan – Growth<\/a><\/td>\n-0.34%<\/span><\/td>\n<\/tr>\n
IDBI Gilt Fund Growth<\/a><\/td>\n-0.34%<\/span><\/td>\n<\/tr>\n
Religare Invesco GILT Fund – Long Duration Plan – Growth<\/a><\/td>\n-0.37%<\/span><\/td>\n<\/tr>\n
JM Income Fund-Growth Plan – Growth Option<\/a><\/td>\n-0.39%<\/span><\/td>\n<\/tr>\n
HDFC Inflation Indexed Bond Fund – Regular Growth<\/a><\/td>\n-0.60%<\/span><\/td>\n<\/tr>\n
DWS Inflation Indexed Bond Fund- Regular Plan- Growth<\/a><\/td>\n-0.75%<\/span><\/td>\n<\/tr>\n
SBI INFLATION INDEXED BOND FUND – REGULAR PLAN – GROWTH<\/a><\/td>\n-0.78%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Thought for the weekend<\/h3>\n
\nThe market adjusts by the price mechanism. If the cost of something goes up, the price goes up to match. If demand falls, the price drops until the market clears. But prices themselves can\u2019t adjust in response to events. This phenomenon is called \u201csticky prices.\u201d<\/p>\n

When prices are even a little sticky, bursts of technological progress actually hurt the economy for a short while, by causing a burst of deflation, before eventually boosting growth.\n<\/p><\/div>\n

Source: How sticky prices might be the cause of recessions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Equities Major DAX(DEU) +3.11% CAC(FRA) +3.52% UKX(GBR) +4.12% NKY(JPN) +4.59% SPX(USA) +2.24% MINTs JCI(IDN) +0.45% INMEX(MEX) +2.01% NGSEINDX(NGA) +1.57% XU030(TUR) +1.23% BRICS IBOV(BRA) +3.42% SHCOMP(CHN) +5.88% NIFTY(IND) +2.26% INDEXCF(RUS) -0.29% TOP40(ZAF) +2.18% Commodities Energy Heating Oil +1.02% Brent Crude Oil +1.01% Ethanol +1.03% Natural Gas -4.35% RBOB Gasoline -1.32% WTI Crude Oil +3.27% Metals Silver … <\/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-2019622","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\/2019622","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=2019622"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2019622\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2019622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2019622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2019622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}