US markets closed volatile session lower

17 Dec 2014 Evaluate

The US markets closed the volatile session lower on Tuesday; as turmoil began with Russian ruble’s plunge, despite central bank’s hiking of the rates to 17% overnight. Wall Street is looking for lower inflation and stronger growth from the plunge in oil prices but the recent survey shows it still sees the Federal Reserve on track to raise interest rates this summer for the first time in eight years. Instead of seeing the Fed putting off rate hikes because of lower inflation, respondents forecast a gentler rate hike cycle. On the economy front, the Markit Economics flash manufacturing purchasing managers index for the US fell to a 53.7 reading in December from 54.8 in November. This is the weakest reading in 11 months, although any reading above 50 indicates expansion. The data sends a warning light to policymakers and the Federal Reserve that the fourth quarter is likely to see a weakening of economic growth. The growth in output and new orders has slowed since mid-year and exports remain a key area of weakness.

Besides, construction started on new US homes declined 1.6% in November, led down by single-family homes, signaling some market shakiness. The annual rate of total housing starts fell to 1.03 million last month from 1.05 million in October. The November starts rate for single-family homes fell 5.4% from October’s pace, which was the fastest since 2008. Meanwhile, the pace in buildings with at least five units rose 7.6%.

Meanwhile, the Senate voted to extend a raft of temporary tax breaks through the rest of 2014, ending a protracted struggle that foreshadows even more difficult tax-code debates next year. The vote was 76-16 to clear the bill that now goes to President Barack Obama, who is expected to sign it. The temporary breaks - known collectively as extenders - include more than 50 tax incentives for businesses, individuals and nonprofits.

The Dow Jones Industrial Average lost 111.97 points or 0.65 percent to 17,068.87, Nasdaq was down by 57.33 points or 1.24 percent to 4,547.83, while S&P 500 dropped by 16.89 points or 0.85 percent to 1,972.74.

Indian ADRs closed mostly in red on Tuesday; Dr. Reddy’s Lab was down 3.72%, Tata Motors was down by 1.27%, ICICI Bank was down 0.33% and HDFC Bank was down 0.27%. On the other hand, Infosys was up by 0.12%.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.