US markets closed lower rattled by Fed, China worries

14 Oct 2016 Evaluate

The US markets closed lower on Thursday, as investors grew jittery following the Federal Reserve’s latest meeting minutes as well as weak Chinese economic reports. Historically low interest rates have helped drive investors into stocks and other riskier assets, and investors fear that another rate increase could help lead to the end of that trend. But the street also noted that a rate rise would signal confidence in the US economy, and some have highlighted how the stock market has tended to perform well in the earlier part of a tightening process. Investors also grappled with geopolitical tensions as the US officially joined the conflict in Yemen by firing cruise missiles at radar sites in areas controlled by Iran-backed Houthi rebels. On the economy front, the number of people who applied for unemployment benefits was flat at 246,000 in the first week stretching from October 2 to October 8 as the rate of layoffs sank to a 43-year low. The level of new claims two weeks ago was revised down to 246,000 from 249,000 to set a new post-recession low. The current week matched that number. Initial jobless claims have been under 270,000 for 15 straight weeks, a reassuring sign that companies are growing fast enough to keep current staffing levels. The last time claims were that low for that long was in 1973. The less volatile four-week average of initial claims, seen as a more accurate measure of labor-market trends, dropped 3,500 to 249,250. Continuing jobless claims declined by 16,000 to 2.05 million in the week ended October 1.

Meanwhile, prices of imported goods rose 0.1% in September as fuel costs picked up. Export prices increased 0.3%. Prices are still down on compared to a year ago, but the 1.1% annual decline in import prices is much narrower than it has been. Export prices stood 1.5% lower than in September 2015. As price firm, inflation moves closer to the Federal Reserve’s 2% target.

The Dow Jones Industrial Average lost 45.26 points or 0.25 percent to 18,098.94, Nasdaq dropped 25.69 points or 0.49 percent to 5,213.33, while S&P 500 was down 6.63 points or 0.31 percent to 2,132.55.

The Indian ADRs closed mixed; Tata Motors was down 0.96%, HDFC Bank was down 0.48% and ICICI Bank was down 0.22%. On the other hand, Infosys was up 0.72% and Dr. Reddy’s Lab was up 0.31%.

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.