US markets gain on consumer confidence data

26 Mar 2014 Evaluate

The US markets closed higher on Tuesday, boosted by stronger-than-expected consumer confidence data which reached its highest level in six years. A gauge of US consumer confidence rose to 82.3 in March from an upwardly revised 78.3 in February. The expectations index rose to 83.5 in March from 76.5 in February, while a barometer for the present situation declined to 80.4 from 81. On the other hand, new US homes sold at an annual rate of 440,000 in February, down 3.3% from January's one-year high. Sales climbed 37% in the Midwest after plunging in January, while sales fell in the Northeast, South and West. The median price of new homes edged up 0.4% to $261,800 last month. The supply of new homes on the US market rose to 5.2 months at the current sales pace from 5.0 months in January. New home sales are 1.1% lower compared to one year ago, reflecting weaker demand because of higher mortgage rates and home prices as well as a bitterly cold winter.

Additionally, US home prices slipped in January for a third straight month after a particularly harsh winter, as strong year-over-year appreciation showed signs of moderating. US home prices ticked down 0.1% in January, with 12 of 20 tracked cities posting drops. After seasonal adjustments, home prices in January rose 0.8%. Separately, the Federal Housing Finance Agency reported that prices rose 0.5% on a seasonally adjusted basis in January. The FHFA bases its home-price gauge on information from mortgages sold or guaranteed by Fannie Mae and Freddie Mac.

Meanwhile, Philadelphia Fed president Charles Plosser stated that short-term interest rates should hit 4% at the end of 2016. He also added that the market reaction to Federal Reserve Chairwoman Janet Yellen’s comments after last week’s Federal Open Market Committee meeting was puzzling. Plosser enlightened that her timetable of a rate hike six months after the end of bond buying wasn’t a wildly unexpected time frame.

The Dow Jones Industrial Average added 91.19 points or 0.56 percent, to 16,367.88, the Nasdaq Composite was up by 7.88 points or 0.19 percent, to 4,234.27, while the S&P 500 gained 8.18 points or 0.44 percent, to close at 1,865.62.

The Indian ADRs closed mostly in green on Tuesday; Tata Motors was up 0.80%, ICICI Bank was up 0.55%, HDFC Bank was up by 0.55% and Wipro was up 0.08%. On the other hand, Dr. Reddy’s Lab was down 0.10%.

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.