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