US markets slip on concerns over Euro-zone

26 Mar 2013 Evaluate

The US markets slipped on Monday, erasing gains that briefly had the S&P 500 index less than one point from its record close, as Wall Street worried about Europe’s troubles after questioning what the plan for bank restructuring for Cyprus would mean for other European countries. Besides, Federal Reserve Chairman Ben S. Bernanke stated that low interest rates in advanced nations benefit the world economy while not creating a disruptive diversion of trade through weaker currencies. On the economy front, the national activity index swung back into positive territory in February, led by production-related indicators. Its national activity index rose to 0.44 from a downwardly revised -0.49 in January. The three-month moving average slipped to a reading of 0.09 from 0.28. The data are weighted indexes of 85 different economic indicators, designed so that readings of zero equal trend growth, those over +0.70 indicate an increasing chance of sustained increasing inflation, and those under -0.70 indicate an increasing chance of a recession.

Meanwhile, the Federal Reserve Bank of New York President William Dudley stated that the Fed’s monetary policy should remain very accommodative to give the labor market more time to strengthen. Dudley also added that Fed must press ahead with its bond-buying program as Congress is going about fiscal policy the wrong way. The president of the New York Fed, unlike other regional Fed presidents, always has a vote on the Federal Open Market Committee and is vice chairman of the interest-rate-setting body.

In Europe, Cyprus and international lenders struck a last-minute bailout deal, clearing the way for the euro area’s third-smallest economy to receive 10 billion euros ($13 billion) in financing. The agreement calls for a restructuring of two of the island country’s largest banks - Popular Bank of Cyprus (also known as Laiki Bank) and Bank of Cyprus - as well as a downsizing of the nation’s overall banking sector. Deposits at both banks larger than €100,000, the cutoff between insured and uninsured deposits, will be subject to a levy.

The Dow Jones Industrial Average lost 64.28 points or 0.44 percent to 14,447.80, the S&P 500 slipped 5.20 points or 0.33 percent to 1,551.69 and the Nasdaq dropped 9.70 points or 0.30 percent to 3,235.30.

The Indian ADRs closed mostly in red on Monday, ICICI Bank was down 0.33%, Tata Communications was down by 0.20% and Sterlite Industries was down 0.14%. On the other hand, Tata Motors was up 0.45% and Dr. Reddy’s Lab was up 0.15%.

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.