[13 Aug 22] Newsletter: Independence day offer, Market overview & 5 good reads!

🔆 Quick glance

• Market Overview: Sensex 30 PE trend, Macro markers & Top stocks of the week
• Links we like: 5 good reads on markets & money
• Independence Day Offer!

But First…

If you were holding yourselves back from leveling up your investing game because you were not comfortable with the subscription price. This is probably a good chance to join the Capitalmind Community!

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Use discount code: FREEDOM2022

Market Overview 🎯

Hindalco reported its highest ever quarterly profits and the markets cheered the share price. Same story with Coal India. Divi’s shares lost close to 5% this week while having a lousy 2022 as the share is down 20% YTD. There’s a lot more green than red in the markets as the Nifty continued to run up (+ 1.7 %).

Over the last one month, Nifty 50 is up ~11%. Where’s the bear market, you ask? Crude continued its volatile run being ~5% up in the last week. Other macros as listed below.

The Sensex PE ratio, in comparison to the long-term range, indicates that the Sensex 30 is at an attractive level to buy into.

Links we like 📝

• During the perilous time of the coronavirus outbreak in 2020, oil prices traded below 0. Yes, they turned negative and we conveniently moved on as if it was just another day in the markets. Times were such. Here’s a revisit to that event talking about the trade of a lifetime. Read – $660M in a Day: The Big Oil Short
• Life, just like markets, mostly works through periods of bullishness and bearishness. Sometimes we are served with excesses in terms of salary, valuations, profits, recognitions, etc. We forget they don’t last and hence we get a harsh reminder. Read – Reality Catches Up
• We live in a world with strong opinions that are strongly held. The debate on whether we are going through a recession is going on. Here’s a balanced thought. Read – How to Think About Investing During a Recession
• Charley Ellis recognized that there were two different games being played in the stock market. The game the experts play differs from the game the amateurs play. Which game should you play? Read – Wise Words from Charley Ellis
• Investing is putting your money on your view on how things will turn out in the future. Some of it depends on what you know and a lot of it depends on knowing what you don’t know. Read – What Do Investors Believe They Can Do But Can’t?