[3 Sep 22] Newsletter: Market overview, Weekly Youtube show & 5 Good reads!

🔆 Quick glance

• Market Overview: Sensex 30 PE trend, Macro markers & Market Movers
• Links we like: 5 good reads on markets & money
• Capitalmind Show: Kya Lagta Hai Bazaar on Youtube

Market Overview 🎯

Bajaj Finserv led the winner’s pack with a 5.7% gain extending its total gains for the month to 13.7%. IT stocks continued to tumble this week as well with Infosys facing the most heat with a 4.5% fall.

Crude was up 5% last week and is down 7% this week. It’s a commodity that is right in the middle of the worldwide geopolitical energy tussle. Let’s see how the winter turns out to be.

Nifty closed flat this week amidst high enthusiasm for Indian markets as against its western counterparts. We have added the 10Y government bond yield to the macro markers that we’ll track each week.

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

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Links we like 📝

• What the military can teach us about decision making when facing uncertainty? Read – The Ooda Loop
• The problem with money is its diminishing marginal utility in terms of fulfillment. Here are five other types of wealth that can do what money can’t. Read – Six Types of Wealth
• Have financial developments made the world riskier? Raghuram Rajan was shunned and called a “luddite” when he delivered this research paper. Read – Truth to Powell
• Charlie Munger shares his thoughts on Investment philosophy and mistakes, among others. You can never get enough of Charlie’s wisdom. Read – Wise words from Charlie Munger
• Momentum is everywhere. A few admit it, while the rest of us don’t. Read – Most of us are secret momentum investors

Kya Lagta Hai Bazaar🎙

We do a weekly show with Deepak Shenoy where we talk about markets, finance, and investing. A candid conversation to wrap up the week and a chance to interact with you all. Join in, every Friday, at 4 PM on YouTube.

Listen to the latest episode. And, don’t forget to leave a comment!