{"id":2027781,"date":"2015-07-01T11:50:15","date_gmt":"2015-07-01T06:20:15","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2027781"},"modified":"2015-07-01T11:50:16","modified_gmt":"2015-07-01T06:20:16","slug":"monthly-recap-letting-go-of-the-why","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2015\/07\/01\/monthly-recap-letting-go-of-the-why\/","title":{"rendered":"Monthly Recap: Letting Go of the Why"},"content":{"rendered":"

\"world.2015-05-29.2015-06-30\"<\/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-4.11%<\/span><\/td>\n<\/tr>\n
CAC(FRA)<\/a><\/td>\n-4.35%<\/span><\/td>\n<\/tr>\n
UKX(GBR)<\/a><\/td>\n-6.64%<\/span><\/td>\n<\/tr>\n
NKY(JPN)<\/a><\/td>\n-1.35%<\/span><\/td>\n<\/tr>\n
SPX(USA)<\/a><\/td>\n-2.33%<\/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-5.63%<\/span><\/td>\n<\/tr>\n
INMEX(MEX)<\/a><\/td>\n+0.08%<\/span><\/td>\n<\/tr>\n
NGSEINDX(NGA)<\/a><\/td>\n-2.49%<\/span><\/td>\n<\/tr>\n
XU030(TUR)<\/a><\/td>\n-0.56%<\/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-0.64%<\/span><\/td>\n<\/tr>\n
SHCOMP(CHN)<\/a><\/td>\n-7.62%<\/span><\/td>\n<\/tr>\n
NIFTY(IND)<\/a><\/td>\n-0.57%<\/span><\/td>\n<\/tr>\n
INDEXCF(RUS)<\/a><\/td>\n+2.82%<\/span><\/td>\n<\/tr>\n
TOP40(ZAF)<\/a><\/td>\n-0.31%<\/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-4.12%<\/span><\/td>\n<\/tr>\n
WTI Crude Oil<\/td>\n-2.96%<\/span><\/td>\n<\/tr>\n
Heating Oil<\/td>\n-3.91%<\/span><\/td>\n<\/tr>\n
Ethanol<\/td>\n+4.61%<\/span><\/td>\n<\/tr>\n
Natural Gas<\/td>\n+7.28%<\/span><\/td>\n<\/tr>\n
RBOB Gasoline<\/td>\n-2.67%<\/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
Palladium<\/td>\n-12.83%<\/span><\/td>\n<\/tr>\n
Platinum<\/td>\n-2.52%<\/span><\/td>\n<\/tr>\n
Copper<\/td>\n-5.07%<\/span><\/td>\n<\/tr>\n
Gold 100oz<\/td>\n-1.45%<\/span><\/td>\n<\/tr>\n
Silver 5000oz<\/td>\n-6.59%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n
\n

Currencies<\/h3>\n

USDEUR<\/a>:-1.33% <\/span> USDJPY<\/a>:-1.15% <\/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+0.69%<\/span><\/td>\n<\/tr>\n
USDMXN(MEX)<\/a><\/td>\n+2.29%<\/span><\/td>\n<\/tr>\n
USDNGN(NGA)<\/a><\/td>\n+0.15%<\/span><\/td>\n<\/tr>\n
USDTRY(TUR)<\/a><\/td>\n+0.73%<\/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-2.61%<\/span><\/td>\n<\/tr>\n
USDCNY(CHN)<\/a><\/td>\n+0.06%<\/span><\/td>\n<\/tr>\n
USDINR(IND)<\/a><\/td>\n-0.25%<\/span><\/td>\n<\/tr>\n
USDRUB(RUS)<\/a><\/td>\n+6.14%<\/span><\/td>\n<\/tr>\n
USDZAR(ZAF)<\/a><\/td>\n+0.09%<\/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
Corn<\/td>\n+17.28%<\/span><\/td>\n<\/tr>\n
Soybeans<\/td>\n+12.15%<\/span><\/td>\n<\/tr>\n
White Sugar<\/td>\n+5.92%<\/span><\/td>\n<\/tr>\n
Cattle<\/td>\n-2.87%<\/span><\/td>\n<\/tr>\n
Cocoa<\/td>\n+1.42%<\/span><\/td>\n<\/tr>\n
Coffee (Arabica)<\/td>\n+3.44%<\/span><\/td>\n<\/tr>\n
Feeder Cattle<\/td>\n-3.67%<\/span><\/td>\n<\/tr>\n
Lumber<\/td>\n+5.57%<\/span><\/td>\n<\/tr>\n
Soybean Meal<\/td>\n+16.68%<\/span><\/td>\n<\/tr>\n
Sugar #11<\/td>\n+4.00%<\/span><\/td>\n<\/tr>\n
Wheat<\/td>\n+27.02%<\/span><\/td>\n<\/tr>\n
Coffee (Robusta)<\/td>\n+15.36%<\/span><\/td>\n<\/tr>\n
Cotton<\/td>\n+4.09%<\/span><\/td>\n<\/tr>\n
Lean Hogs<\/td>\n-9.18%<\/span><\/td>\n<\/tr>\n
Orange Juice<\/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-0.46%<\/span><\/td>\n<\/tr>\n
Markit CDX NA HY<\/td>\n-0.63%<\/span><\/td>\n<\/tr>\n
Markit CDX NA IG<\/td>\n+3.48%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Asia ex-Japan IG<\/td>\n+1.61%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Australia<\/td>\n+1.97%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe<\/td>\n+3.03%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Europe Crossover<\/td>\n+10.35%<\/span><\/td>\n<\/tr>\n
Markit iTraxx Japan<\/td>\n+4.34%<\/span><\/td>\n<\/tr>\n
Markit iTraxx SovX Western Europe<\/td>\n-0.80%<\/span><\/td>\n<\/tr>\n
Markit LCDX (Loan CDS)<\/td>\n-0.04%<\/span><\/td>\n<\/tr>\n
Markit MCDX (Municipal CDS)<\/td>\n-1.32%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nAn eventful month comes to an end. The Chinese bubble popped, the Greek drama is playing out, people stopped obsessing about the Fed raising rates and monsoons went from being a headwind to a tailwind.\n<\/div>\n<\/div>\n

Index Returns<\/h3>\n

\"index.performance.2015-05-29.2015-06-30\"<\/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-5.56%<\/span><\/td>\n59\/70<\/td>\n<\/tr>\n
2<\/td>\n-2.35%<\/span><\/td>\n56\/73<\/td>\n<\/tr>\n
3<\/td>\n-2.72%<\/span><\/td>\n58\/71<\/td>\n<\/tr>\n
4<\/td>\n-2.32%<\/span><\/td>\n58\/71<\/td>\n<\/tr>\n
5<\/td>\n-0.54%<\/span><\/td>\n62\/67<\/td>\n<\/tr>\n
6<\/td>\n-4.34%<\/span><\/td>\n59\/70<\/td>\n<\/tr>\n
7<\/td>\n-1.46%<\/span><\/td>\n64\/65<\/td>\n<\/tr>\n
8<\/td>\n-2.39%<\/span><\/td>\n53\/76<\/td>\n<\/tr>\n
9<\/td>\n-2.65%<\/span><\/td>\n57\/72<\/td>\n<\/tr>\n
10 (mega)<\/td>\n-0.34%<\/span><\/td>\n64\/65<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nMidcaps got totally hammered with the Midcap Index down 4.73%.\n<\/div>\n<\/div>\n

Top Winners and Losers<\/h3>\n
\n
\n\n\n\n\n\n\n\n
ZEEL<\/a><\/td>\n+13.64%<\/span><\/td>\n<\/tr>\n
RELIANCE<\/a><\/td>\n+14.04%<\/span><\/td>\n<\/tr>\n
GODREJCP<\/a><\/td>\n+17.82%<\/span><\/td>\n<\/tr>\n
CANBK<\/a><\/td>\n-19.08%<\/span><\/td>\n<\/tr>\n
RPOWER<\/a><\/td>\n-15.14%<\/span><\/td>\n<\/tr>\n
UNIONBANK<\/a><\/td>\n-14.85%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nMedia companies as a whole did well. The CNX Media Index was the best performing index in June…\n<\/div>\n<\/div>\n

ETF Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n
INFRABEES<\/a><\/td>\n+1.52%<\/span><\/td>\n<\/tr>\n
NIFTYBEES<\/a><\/td>\n-0.32%<\/span><\/td>\n<\/tr>\n
JUNIORBEES<\/a><\/td>\n-0.69%<\/span><\/td>\n<\/tr>\n
CPSEETF<\/a><\/td>\n-0.99%<\/span><\/td>\n<\/tr>\n
BANKBEES<\/a><\/td>\n-1.52%<\/span><\/td>\n<\/tr>\n
GOLDBEES<\/a><\/td>\n-1.63%<\/span><\/td>\n<\/tr>\n
PSUBNKBEES<\/a><\/td>\n-8.23%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nMost PSU banks are just zombies at this point – the walking dead…\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-0.51<\/span><\/td>\n+0.82%<\/span><\/td>\n<\/tr>\n
GSEC SUB 1-3<\/td>\n+0.15<\/span><\/td>\n+1.17%<\/span><\/td>\n<\/tr>\n
GSEC SUB 3-8<\/td>\n+0.08<\/span><\/td>\n+0.17%<\/span><\/td>\n<\/tr>\n
GSEC SUB 8<\/td>\n+0.14<\/span><\/td>\n-0.97%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nBonds were buffeted by gyrations in international bond markets and currency volatility…\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
Textile, Metals, Chemicals, Paper and Energy Quality to Price<\/a><\/td>\n+3.39%<\/span><\/td>\n<\/tr>\n
Tactical CNX 100<\/a><\/td>\n+0.25%<\/span><\/td>\n<\/tr>\n
CNX 100 Enterprise Yield<\/a><\/td>\n-0.16%<\/span><\/td>\n<\/tr>\n
PPFAS Long Term Value<\/a><\/td>\n-0.24%<\/span><\/td>\n<\/tr>\n
Next Trillion<\/a><\/td>\n-0.40%<\/span><\/td>\n<\/tr>\n
Magic Formula<\/a><\/td>\n-0.73%<\/span><\/td>\n<\/tr>\n
Balance Sheet Strength<\/a><\/td>\n-1.43%<\/span><\/td>\n<\/tr>\n
The RBI Restricted List<\/a><\/td>\n-1.52%<\/span><\/td>\n<\/tr>\n
Low Volatility<\/a><\/td>\n-1.79%<\/span><\/td>\n<\/tr>\n
ASK Life<\/a><\/td>\n-2.52%<\/span><\/td>\n<\/tr>\n
Momentum<\/a><\/td>\n-2.83%<\/span><\/td>\n<\/tr>\n
Auto and Consumer Goods Quality to Price<\/a><\/td>\n-3.25%<\/span><\/td>\n<\/tr>\n
Media, Health, IT, Telecom, Services, Pharma Quality To Price<\/a><\/td>\n-5.25%<\/span><\/td>\n<\/tr>\n
Quality to Price<\/a><\/td>\n-7.06%<\/span><\/td>\n<\/tr>\n
High Beta<\/a><\/td>\n-7.88%<\/span><\/td>\n<\/tr>\n
ADAG stocks<\/a><\/td>\n-8.98%<\/span><\/td>\n<\/tr>\n<\/table>\n<\/div>\n
\nMost investment strategies took it on the chin…\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
SBI Smal & Midcap – Regular Plan – Growth<\/a><\/td>\n+1.90%<\/span><\/td>\n<\/tr>\n
BOI AXA Focussed Infrastructure Fund-Growth<\/a><\/td>\n+1.73%<\/span><\/td>\n<\/tr>\n
JM Tax Gain Fund – Growth option<\/a><\/td>\n+1.44%<\/span><\/td>\n<\/tr>\n
JM Core 11 Fund – Growth option<\/a><\/td>\n+1.31%<\/span><\/td>\n<\/tr>\n
Pramerica Diversified Equity Fund – Regular Plan – Growth Option<\/a><\/td>\n+1.20%<\/span><\/td>\n<\/tr>\n
Mirae Asset Emerging Bluechip Fund – Regular Plan – Growth Option<\/a><\/td>\n+1.19%<\/span><\/td>\n<\/tr>\n
BNP Paribas Mid Cap Fund-Growth Option<\/a><\/td>\n+1.07%<\/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
Bsl Comm Eq Fund – Global Agri Plan – Growth<\/a><\/td>\n-3.45%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Top 100 Fund – Regular Plan – Growth<\/a><\/td>\n-3.57%<\/span><\/td>\n<\/tr>\n
Tata Equity P\/E Fund Plan A-(Growth Option)<\/a><\/td>\n-3.68%<\/span><\/td>\n<\/tr>\n
Reliance Tax Saver (ELSS) Fund-Growth Plan-Growth Option<\/a><\/td>\n-3.81%<\/span><\/td>\n<\/tr>\n
Mirae Asset Global Commodity Stocks – Growth Option<\/a><\/td>\n-4.06%<\/span><\/td>\n<\/tr>\n
LIC NOMURA MF Balanced Fund-Growth<\/a><\/td>\n-4.07%<\/span><\/td>\n<\/tr>\n
Mirae Asset China Advantage Fund – Regular Plan Growth Option<\/a><\/td>\n-6.23%<\/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+0.94%<\/span><\/td>\n<\/tr>\n
Baroda Pioneer Credit Opportunities Fund -Plan B-Growth Option<\/a><\/td>\n+0.91%<\/span><\/td>\n<\/tr>\n
Baroda Pioneer Credit Opportunities Fund -Plan A -Growth Option<\/a><\/td>\n+0.82%<\/span><\/td>\n<\/tr>\n
Kotak Coporate Bond Fund- Retail Plan-Growth Option<\/a><\/td>\n+0.51%<\/span><\/td>\n<\/tr>\n
Kotak Corporate Bond Fund- Standard Plan-Growth Option<\/a><\/td>\n+0.47%<\/span><\/td>\n<\/tr>\n
L&T Resurgent India Corporate Bond Fund – Growth Option<\/a><\/td>\n+0.42%<\/span><\/td>\n<\/tr>\n
DWS Premier Bond Fund – Regular Plan-\/-Growth Plan<\/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 – Regular Plan – Growth<\/a><\/td>\n-1.34%<\/span><\/td>\n<\/tr>\n
IIFL Dynamic Bond Fund – Regular Plan – Growth Option<\/a><\/td>\n-1.36%<\/span><\/td>\n<\/tr>\n
ICICI Prudential Long Term Gilt Fund – Regular Plan – Growth<\/a><\/td>\n-1.39%<\/span><\/td>\n<\/tr>\n
SBI INFLATION INDEXED BOND FUND – REGULAR PLAN – GROWTH<\/a><\/td>\n-1.42%<\/span><\/td>\n<\/tr>\n
JM Income Fund-Growth Plan – Growth Option<\/a><\/td>\n-1.43%<\/span><\/td>\n<\/tr>\n
JM G-Sec Fund – Growth Option<\/a><\/td>\n-1.47%<\/span><\/td>\n<\/tr>\n
DWS Inflation Indexed Bond Fund- Regular Plan- Growth<\/a><\/td>\n-1.54%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Thought to sum up the month<\/h3>\n
\nWhen you\u2019re constantly looking for a catalyst to explain every single move in the markets you start to see signals and correlations that just don\u2019t exist. Most of the time we won\u2019t know exactly why the markets moved a certain way until much later. Sometimes even with the benefit of perfect hindsight, investors still can\u2019t agree on the specifics of the cause and effect. But to some the \u2018why\u2019 in the markets will always seem easy after the fact, so they keep searching for the answers.\n<\/div>\n

Source: Letting Go of the Why<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Equities Major DAX(DEU) -4.11% CAC(FRA) -4.35% UKX(GBR) -6.64% NKY(JPN) -1.35% SPX(USA) -2.33% MINTs JCI(IDN) -5.63% INMEX(MEX) +0.08% NGSEINDX(NGA) -2.49% XU030(TUR) -0.56% BRICS IBOV(BRA) -0.64% SHCOMP(CHN) -7.62% NIFTY(IND) -0.57% INDEXCF(RUS) +2.82% TOP40(ZAF) -0.31% Commodities Energy Brent Crude Oil -4.12% WTI Crude Oil -2.96% Heating Oil -3.91% Ethanol +4.61% Natural Gas +7.28% RBOB Gasoline -2.67% Metals Palladium … <\/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-2027781","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\/2027781","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=2027781"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2027781\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2027781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2027781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2027781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}