Top 5 Charts of the Day – October 2nd 2020

The #Covid_19 pandemic helped fuel the worst third quarter on record for large corporate bankruptcies. 70 companies with more than $50 million in liabilities sought bankruptcy protection last quarter. That compares to the 76 in the prior quarter – Bloomberg data pic.twitter.com/KTENKhWPrS

— Christophe Barraud (@C_Barraud) October 2, 2020

This year’s torrent of corporate-debt issuance is showing no sign of slowing after a record September for U.S. high-grade bond sales – Bloomberg pic.twitter.com/4HuD3My8oS

— Christophe Barraud (@C_Barraud) October 2, 2020

Worst year for XLE in over 20 years, down a whopping 52% YTD. The only other year when the index was down more than 40% was 2008. pic.twitter.com/OBSpp0dML8

— Julien Bittel, CFA (@BittelJulien) October 2, 2020

Interest rate volatility is at an all-time low:

In the past, such low volatility was followed by a sharp ramp higher and a stock market crash.

2007 all over again? pic.twitter.com/ZEP7vBNY6q

— SentimenTrader (@sentimentrader) October 2, 2020

'The deeper the deficit and the greater the need for Uncle Sam to borrow, then the cheaper will be the dollar to entice potential lenders. If that logic works out this time, as this chart shows rather dramatically, then the dollar has further to fall.' https://t.co/6JiiXEGcyD pic.twitter.com/FvV04oOOaC

— Jesse Felder (@jessefelder) October 2, 2020