US markets gain on Fed’s flexible comment

18 Jul 2013 Evaluate

The US markets inched higher on Wednesday; with the S&P 500 closing up for a ninth session in ten after Federal Reserve Chairman Ben Bernanke stated that the rate of bond purchases is flexible. In the first day of his semi-annual Congressional testimony, Bernanke told that Fed’s $85 billion in monthly bond buys are by no means on a preset course and can be curbed further or extended, depending on the economic climate. The central bank’s stimulus program is meant to keep interest rates down and encourage borrowing. Bernanke’s comments reinforced what investors already knew - that the Fed is looking at the broad economy, which is showing signs of improvement. The Fed would like to taper but will only do so if they see a faster growth rate or improvement in the labor market. In his prepared remarks, Bernanke added that housing market was likely to continue to recover despite the recent increases in mortgage rates. The Fed chairman repeated that low inflation is due in part to some factors that are likely to be transitory. But he stressed for the first time that the Fed is certainly aware that very low inflation poses risks to economic performance, and added that central bankers would monitor the situation closely.

On the economy front, the US Department of Commerce reported that construction on new US homes fell 9.9% in June to a seasonally adjusted annual rate of 836,000, reaching the lowest level since August 2012, led down by a large drop for apartments. The government also reported that building permits, a sign of future demand, fell 7.5% in June to an annual rate of 911,000.

The Dow Jones Industrial Average gained 18.67 points or 0.12 percent to 15,470.50, the Nasdaq was up 11.50 points or 0.32 percent to 3,610.00 and the S&P 500 added 4.65 points or 0.28 percent to 1,680.91.

The Indian ADRs ended mostly in red on Wednesday, ICICI Bank was down by 0.72%, HDFC Bank was down 0.49% and Tata Motors was down 0.36%. On the other hand, Infosys was up 0.40% and Dr. Reddy’s Lab was up 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.