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
SP500 Put/Call Ratio has risen to multi-year highs amid the recent market sell off.
Source: David Marlin
The US being a net energy exporter in one chart
Chart: Stephane Deo, Michel A. Arouet, Eleva Capital
Commodities saw their largest monthly allocation increase in history
Source: BofA
CTAs will dump billions worth of stocks over the next week in EVERY SINGLE SCENARIO warns Goldman Sachs
Source: Barchart
Federal Reserve posted its biggest loss in history of $114 billion last year 👀
Source: Yahoo Finance
How does Buffett find great investments?
He uses his 4 filters: "Charlie and I look for companies that have a) a business we understand; b) favourable long-term economics; c) able and trustworthy management; and d) a sensible price tag." Simple, but not easy rules to follow. By "The Investing for Beginners Podcast"
Novartis approaching 2 support zones
Novartis (NOVN SW) has now consolidated 11% since January last swing high. It's approaching two important levels. First zone 83.63-84.56 is a strong institutionnal demand level and second level is 83 which is the swing low support level ! Keep an eye over the next few days. Source : Bloomberg
