Snapshots that wow!
Shani se nahi, Budh se daro!
Two students from Tsinghua University dug deeper into the
effect of Mercury retrograde on Chinese stock markets They
make two pivotal contributions to academic literature (their
words, not mine). They “enrich the field of behavioural
finance by examining the impact of superstitions on the
stock market” and provide findings “complementary to the
body of work on how mood affects the stock market” (again,
their words, not mine).
They find that in a country full of superstitious investors like
China, the Mercury retrograde effect is much stronger than
previously documented.
This new study found that Chinese stock markets dropped by
an average of 1.5% during the weeks of Mercury retrograde.
Meanwhile, in the time Mercury is not in retrograde, Chinese
markets rise by about 2% creating a huge potential for an
active trading strategy that outperforms the market.
Source : Tsinghua University, PBC School of Finance
Khelo India Khelo!
The 6-7% drop on indices did not perturb the retail equity
participants who logged into their online brokerage accounts
in record numbers to participate and either buy the dip or
panic and sell the falling knife.
Source: Nitin Kamath
Khelo India Khelo- Part 2!
NSE India handled highest ever – number of transactions
in a single trading day today (June 5, 2024) between 9:15
am to 3:30 pm- of any exchange in the world ever!
Source: NSE, CNBC
Not so happy meal!
Of various consumer discretionary consumption products,
the McDonald's McAloo Tikki burger price has seen the
highest inflation with prices increasing at 12% CAGR in last
5 years!
There is only one product which has seen a decline in prices
in the last 5 years- Parachute Coconut Oil! I guess the days
of champi from mom are over.
Source: Kotak Institutional Equities
Sometimes, one needs to be shady!
Taking note of World environment day last week, and of the
amount of heat complaints made by us- it is perhaps
important to note- we are to be blamed. With a measly 28
trees per person vs. world average of 422, we simply do not
have enough shade cover, enough water transpiration
adding back moisture and clouds to the environment and so
much more!
Source: Atul Kasbekar
The benchmark of valid excuses just got a raise!
Ashiana Ispat delayed informing the exchanges on auditor’s
resignation. Reason: The promoter was undergoing open
heart surgery when the auditor’s called him to step down and
therefore was unavailable to answer the call. I guess I can no
longer use the dog ate my homework excuse!
Source:@BeatTheStreet10, BSE Filings