Small Companies Are Beautiful & Distressed

(1) Oil demand and prices plummet along with global economy. (2) When was the last time you were at a gas pump? (3) Running out of oil storage capacity. (4) Industrial commodity prices ex-oil are down but not plunging like oil so far. (5) The Fed is bailing out BBB fallen angels, not the other zombies in the junk pile. (6) LargeCaps, Growth, and Stay Home stocks have been outperforming, and may continue doing so. (7) ADP numbers show small-sized companies account for about a quarter of employment and paychecks. (8) Unintended consequences: Government’s Paychecks Protection Program runs into some snags. (9) Not enough lifeboats.