Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From the power of electric-vehicle choice to Tata's governance problems, here are four charts that tell you what you need to know in business today.

Buy on the Tips
More investors are piling into stocks that are rising rather than trying to get a good value on market dips.
Source: Bloomberg
Note: Y-axis is millions of shares traded daily. Both advancing and declining volume is a 100-day moving average.
Cost Cutting
The big roadblocks to mainstream embrace of electric cars are dropping away one by one.
Source: Bloomberg New Energy Finance
Still, But Not Sparkling
The fight for control at Tata is over, but governance issues still weigh on the valuations of its businesses.
Source: Bloomberg
Fund Raising
An unsustainable private equity surge? Not according to Michael Milken.
Source: Preqin Ltd.

And don't miss Lionel Laurent and Marcus Ashworth on the limits of automation in finance:  "As old-school as it sounds to imagine humans toiling away in the brokerage industry, it's happening and will continue to happen for a long time. Last year's merger between two behemoths of voice-broking, ICAP Plc and Tullett Prebon, is a case in point. The deal resulted in two companies with very different equity stories: NEX Group Plc, an electronic platform play on the future of fintech, and TP ICAP Plc, a straightforward people-heavy broker with an opportunity to strip out back-office costs. Both stocks are up 31 and 37 percent over the past year, and both stories make sense."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the author of this story:
Max Nisen in New York at

To contact the editor responsible for this story:
Mark Gongloff at