Fresh Supply: Part Three

The MetLife offering priced last night raising over $9 billion. That makes this week the heaviest week of offerings of the year. I believe this supply combined with the uncertainty in the Middle East should keep a lid on the market in the coming days.

Retail investors have not been scared off by Mideast turmoil or higher oil prices as ICI reported that $1.5 billion flowed into equity mutual funds in the latest week. This likely explains why the decline in the major indexes has been so small since the crisis.


CP said...

Do you have a good source for new equity issuances?

Tsachy Mishal said...

Mostly looking at headlines but there is a calendar each Friday night published in the Journal.

All the offerings this week were unplanned so you would have had to be looking at the headlines.