Chart of the Day 📈 11/21/25: Credit Swoon Sinking Stocks

Mike Larson | Editor-in-Chief

Not so long ago (Oct. 10), I wrote about how some credit-sensitive stocks were stumbling. That stumble is now turning into a swoon – and that’s helping sink stocks.

Just look at this week’s MoneyShow Chart of the Day, which is an updated and modified version of the chart I shared in mid-October. It shows the performance of ETFs that track Business Development Companies (BDCs) and the broader financial sector. I also threw in one additional individual stock, Blue Owl Capital Inc. (OWL). It’s an alternative asset manager and bellwether for the private credit market.

BDC Stocks – No, Things are NOT Getting Better

Data by YCharts

Things aren’t getting better, clearly. They’re getting worse. The VanEck BDC Income ETF (BIZD) is now down 9.4% on the year. The State Street SPDR S&P Regional Banking ETF (KRE) is roughly flat. As for OWL, what can I say? It’s now off 38% year-to-date, having taken out its spring low recently.

The issue goes back to credit risk. Investors are growing increasingly concerned that private credit firms have been too aggressive lending money the last few years. With the economy slowing and delinquencies rising in select industries, they’re worried more and more proverbial shoes are going to drop.

Then there’s Oracle Corp. (ORCL), the stock I wrote about back on Nov. 10. It was one of the hottest Artificial Intelligence (AI) stocks for a while, but it has done nothing but sell off lately. Meanwhile, in the derivatives market, the cost of insuring Oracle bonds using Credit Default Swaps (CDS) has surged. Translation: Credit worries are percolating in the AI world as well.

We still have seasonality going for us. We still have modestly favorable Federal Reserve policy. But if there’s one thing I’ve learned in my almost-three-decade long career analyzing and writing about markets, it’s that you do NOT want to ignore credit markets. And what I’m seeing there is increasingly troublesome.

MoneyMasters Podcast 11/20/25: eToro's McCormick on Social Investing, AI, & Crypto

Crypto is getting volatile again, and the forces driving it are more complicated than just what shows up in price charts.

In this episode of the MoneyShow MoneyMasters Podcast, Andrew McCormick, Head of eToro US, breaks down what shaped the explosive start to 2025, why the recent pullback has not shaken long-term conviction, and how crypto ETFs, regulation shifts, and changing investor behavior are transforming the digital asset landscape.

• CEG: An AI Trade with the Right Balance of Risk and Reward

  👉️ TICKER: CEG

  Constellation Energy Corp. (CEG) is an Artificial Intelligence (AI) infrastructure power play and the largest owner of nuclear power plants in the US. It is a regulated utility that also sells power on the wholesale market. The stock is priced well below high-profile AI names, providing an attractive risk/reward profile as a trade, explains Carl Delfeld, editor of Cabot Explorer.

• SPX: What a Forced Capitulation Trigger Could Signal About Stocks

  👉️ TICKER: SPX

  The ultimate power law in markets is supply and demand. When institutions slow down purchases, stocks fall. So, when will the market selloff end? You first need perspective on the current landscape as a trader, says Lucas Downey, co-founder of MoneyFlows.

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