1.Global Supply of Stocks and Bonds at 20 Year Low.

Investors will face the tightest global supply of stocks and bonds in a year since 2000, a silver lining for fund managers that are grappling with the onset of global growth concerns at the start of 2020.

That’s based on calculations from Morgan Stanley strategists who don’t expect a deluge of issuance to be among the problems investors could confront this year. Analysts say too much debt or equity supply can sometimes overwhelm fund managers and other institutional investors, weighing on short-term returns.

“The supply/technical backdrop in 2020 looks manageable, and is not high on our list of full-year concerns,” Morgan Stanley analysts wrote in a late Friday note.

The global supply of stocks and bonds is the tightest in 20 years, says Morgan Stanley—Sunny OH.  Marketwatch

https://www.marketwatch.com/story/the-global-supply-of-stocks-and-bonds-is-the-tightest-in-20-years-says-morgan-stanley-2020-02-03?mod=h

1.XES Oil and Gas Equipment ETF -20% Correction….EXXON Hits 10 Year Low.

XES ETF

www.stockcharts.com

XOM breaks 2018 levels…hits 10 year lows.

1.The 10 Largest Companies in the S&P Have a Combined Market Cap of More Than 3x the Entire Russell 2000 Index.

The march higher took on a familiar feel as larger names continued to outpace smaller. The pull of large companies has become so strong that, as shown [below] [to the right], the 10 largest companies in the S&P 500 have a combined market cap of MORE THAN 3X THE ENTIRE RUSSELL 2000® INDEX of small companies. This type of stampede into pricey mega-caps has historically ended poorly for those who followed the crowd.

https://www.advisorperspectives.com/commentaries/2020/01/22/time-for-quality?bt_ee=yN5aDzcb7548Nz%2BTl0T0BVHPs6RBHFe7VvOWA6%2BaLSH1OCL9juA1q7tnv%2FN8Iai4&bt_ts=1580568437485