15
08, 2019
12
08, 2019
Whats going on in Argentina and why is it a big deal for us!
wizardofsoho2019-08-12T18:31:42-04:00What happened As you might know, Alberto Fernandez got 47% of the votes vs 32% of the incumbent Mauricio Macri in the primaries yesterday. The first round will take place October 27th and the second round if there is any on November 24th. The new president takes over December 10th. In order to win [...]
5
08, 2019
What is going on in the market right now, new FED cut ODDS and what I am watching? – 8/5/2019
wizardofsoho2019-08-05T16:03:25-04:00What is going on in the market right now and why is the stock market crashing? 10 year bonds over last 3 days. SPX last 3 days Fed ODDS from OIS market. Stock market in USA has crashed almost 5% in a matter of two days as the market is forcing FEDS hand to cut [...]
4
08, 2019
Compensation Structure on Wall Street – Investment Banks
wizardofsoho2019-08-04T14:17:54-04:00Having spent over 8+ years on sell-side in everything from middle office, front office quant, trading assistant and market-maker/trader I wanted to come up with a way for my subscribers to gauge what kind of compensation they should expect or look forward to on wall street. Sell-side Banks: The base is quite standard and [...]
31
07, 2019
Post FED Thoughts and Probabilities of Further cuts
wizardofsoho2019-07-31T16:50:30-04:00Insurance against downside risk As expected, the Fed delivered a 25bp cut at today's July FOMC meeting and pulled up the end of the balance sheet runoff to August 1 from October 1. There were two hawkish dissents by Fed Presidents Rosengren and George who preferred to hold rates at 2.25-2.50%. Dissents aside, the Committee [...]
30
07, 2019
THE FED. What are the different outcomes and effects on the market and what I think might happen.
wizardofsoho2019-07-30T11:04:08-04:0028 ½ bps priced in for tomorrow (and 104 bps by end of next year) based on from the OIS market. Yes PCE deflator was soft (1.4% headline, 1.6% core). but I think 25bps makes sense - despite ‘close to lower bound’ worries – simply because the economy is traveling OK and it may [...]
29
07, 2019
How to increase your odds of getting into an Investment Banking program – Part 1
wizardofsoho2019-07-29T18:48:13-04:00So, obviously with the great reviews of my last article about Sales and Trading I was bombarded by people to do one for IBanking. Now obviously I am not an IBanker so I reached out to my friends who are IBankers and professors in the area and got you guys the best of 30 different [...]
23
07, 2019
How to increase your odds of getting into Sales and Trading 2020 : Part 1 – Research Projects
wizardofsoho2019-07-23T10:32:46-04:00With recruitment for 2020 in full swing I figured what better way to help you guys than to find ways to increase your odds of getting into Sales and Trading. This has been an article and topic I have wanted to write about for a long time. As a non-target I always had to go [...]
20
07, 2019
Resume Templates : Fresh Graduate and Experienced
wizardofsoho2019-07-20T18:07:35-04:00As promised, I spoke to a few hiring managers and we came up with a clean template that we like. Here is fake sample profile and resume made. Always remember, 1 Page only. Even people with 30 years of experience provide one page resume so there should be no reason you cannot. The [...]
19
07, 2019
Negative Yield bonds? Why they are not really negative yield if you are a US investor
wizardofsoho2019-07-19T17:47:14-04:00So the first thing to understand about US investors buying bonds in other currencies is interest rate parity. Interest rate parity is a no-arbitrage condition representing an equilibrium state under which investors will be indifferent to interest rates available on bank deposits in two countries. Surprisingly this condition does not always hold and creates arbitrage opportunities for FX traders. Covered interest arbitrage is [...]