Low Hopes

Fly Charts: Hedge-Fund Bear Hopes, Steady Morgan Stanley

From Canada Goose's upward flight to Venezuela's oil collapse, here are four charts that tell you what you need to know in business today.
Photographer: Christof Koepsel/Getty Images

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Canada Goose's upward flight to Venezuela's oil collapse, here are four charts that tell you what you need to know in business today.

Equals

Morgan Stanley's consistent performance has finally closed its valuation gap with Goldman.

Source: Bloomberg

Cold Streak

Long-short hedge funds have been lagging the broad market for years and only a downturn can help.

Source: Bloomberg

Self Harm

Venezuela has some bad news about its oil output, and also some really bad news.

Source: OPEC

Note: Change in oil production, month to month.

Profit Padding

Canada Goose is investing in its own website and stores, and proving that retail IPOs don't have to be disastrous.

Source: Company reports, Cowen and Co.

And don't miss Shira Ovide on Facebook's core button: "I'm not saying killing the "like" button would solve all the company's problems. There are no silver bullets for Facebook's ills. But it's clear that some of the defining features of social media and the internet had unintended consequences, and they're becoming too glaring to ignore. One of the defining characteristics of YouTube has been that anyone can upload a video, and maybe make a living from their favorite hobby. YouTube is rethinking that now."

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 mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

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