18 Apr 2024
Heavy thunderstorms sent the typically arid United Arab Emirates into chaos yesterday, with Dubai recording more than 5.59 inches (142 mm) of rain in just 24 hours since Monday night
The most in 75 years and equivalent to 1.5x the total seen in a typical year. Source: Chartr, The Washington Post
18 Apr 2024
Equity Risk Premium (the benefit of owning stocks over treasuries) has fallen to its lowest level in 22 years
Source: Barchart, Bloomberg
18 Apr 2024
Oil prices are now down nearly 10% from their highs as fears over higher interest rate policy spread.
With markets now seeing less than 2 rate cuts in 2024, demand outlook is questionable. This has put oil prices at their lowest level since March 28th. However, prices are still up more than 15% from their February 2024 lows. Source: The Kobeissi Letter
18 Apr 2024
Smaller companies generally spend a much higher % of their income on debt service, making them more sensitive to rising rates.
The interest coverage ratio (operating income / interest expense) for the small cap S&P 600 is 2.3 times vs. 7.6 times for the large cap sp500. Source: Charlie Bilello
18 Apr 2024
SP500 Put/Call Ratio has risen to multi-year highs amid the recent market sell off.
Source: David Marlin
18 Apr 2024
The US being a net energy exporter in one chart
Chart: Stephane Deo, Michel A. Arouet, Eleva Capital
18 Apr 2024
Commodities saw their largest monthly allocation increase in history
Source: BofA
18 Apr 2024
CTAs will dump billions worth of stocks over the next week in EVERY SINGLE SCENARIO warns Goldman Sachs
Source: Barchart
