Up For The Downside

Fly Charts: Watching the 'February Freakout,' Hoping It Worsens

From barbarians back at gates to Exxon's need for reinvention, here are four charts that tell you what you need to know in business today.
Photographer: Drew Angerer
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Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From barbarians back at gates to Exxon's need for reinvention, here are four charts that tell you what you need to know in business today.

Long Funk

If millennials want to do as well as their parents in the stock market, then they should root for the current correction to turn into something more substantial.

Sources: Bloomberg, U.S. Bureau of Labor Statistics

Note: Indexed to 100.

Watch the Gap

The gap between earnings yields and interest rates is one of several charts to watch if you want to monitor the "February Freakout."

Source: Bloomberg

Cashed Up

Private equity firms avoided unsolicited bids and hostile takeovers for years. But an excess of capital and competition has the barbarians back at various gates.

Source: Preqin

*Includes buyout, growth, venture capital and other strategies including turnaround, co-investments, etc.

Basket Ball

Exxon's recent under-performance and missteps offer an opportunity for radical change. The company should take it.

Source: Bloomberg

Note: Synthetic oil major is a market cap-weighted index of Aker BP, Dow Chemical, EOG Resources, Kosmos Energy, Suncor Energy, Valero Energy. Performance indexed to 100.

And don't miss Liam Denning on a less-than-impressive oil crash: "Oil did drop about 10 percent across a six-day losing streak beginning February 2, mirroring the selling in financial markets generally. Brent crude retreated from $70 a barrel, while West Texas Intermediate fell below $60.Yet you would hardly know it when looking at how hedge funds ended the week in terms of their market positions."

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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