Head-To-Head Public Article Preview: ORCC Versus GSBD
bdcbuzz.substack.com
Quick Market Update Pre-markets are down due to "the detection of a possibly vaccine-resistant coronavirus variant" (B.1.1.529) and the S&P Volatility Index (VIX) is now firmly over 20. BDCs are considered small-cap so it is better to watch the Russell 2000 as an indicator. Also, over the last two years (maybe longer) I have noticed that BDC prices move in the same direction as oil (at least during the down days). Oil is currently down 5.6% clearly due to increased COVID concerns. At this point, I would expect BDC prices to be down by around 3% to 5%. This information was from late Thursday and everything could change before markets open (for better or worse).
Head-To-Head Public Article Preview: ORCC Versus GSBD
Head-To-Head Public Article Preview: ORCC…
Head-To-Head Public Article Preview: ORCC Versus GSBD
Quick Market Update Pre-markets are down due to "the detection of a possibly vaccine-resistant coronavirus variant" (B.1.1.529) and the S&P Volatility Index (VIX) is now firmly over 20. BDCs are considered small-cap so it is better to watch the Russell 2000 as an indicator. Also, over the last two years (maybe longer) I have noticed that BDC prices move in the same direction as oil (at least during the down days). Oil is currently down 5.6% clearly due to increased COVID concerns. At this point, I would expect BDC prices to be down by around 3% to 5%. This information was from late Thursday and everything could change before markets open (for better or worse).