Wall Street’s Trading Desks Endure Worst First Half in a Decade
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Re: Wall Street’s Trading Desks Endure Worst First Half in a Decade
#2,,we haven’t seen a lot of people repositioning their portfolios, we haven’t seen leverage increase.”
Maybe people are starting to realize that changing portfolios all the time without a computer making the calculations is not the best way to make money (quite the opposite)
Re: Wall Street’s Trading Desks Endure Worst First Half in a Decade
#3Re: Wall Street’s Trading Desks Endure Worst First Half in a Decade
#4> And technological advancements have narrowed spreads in many areas of trading.
> “Part of the problem is that it’s too late to hedge interest-rate volatility, there’s not currency volatility to hedge. Speculators need volatility to hedge and enter the market.”
Sounds like a good thing to me.
> New rules limited lenders’ ability and willingness to make principal bets with their own money
Anyone know what regulation this is referring to?
One of Steve Mnuchin's stated goals was to reduce the domination of the 5 mega-banks and help bring back a healthy market of smaller banks that got squeezed out by new rules added after the financial crisis. Rules that were designed with the bigger banks in mind. So I wonder how the smaller players are doing.
Re: Wall Street’s Trading Desks Endure Worst First Half in a Decade
#5Off-topic discussion below.
This is the most vile dark pattern I have seen in recent times.
On loading this page, there is an auto-playing, muted video. When you press its pause button, it is unmuted and keeps playing. Only when you press the pause button AGAIN does it actually stop playing.
At some point when implementing that feature someone said "Sure, I'm OK with that". What went wrong there?
Re: Wall Street’s Trading Desks Endure Worst First Half in a Decade
#6> And technological advancements have narrowed spreads in many areas of trading. > “Part of the problem is that it’s too late to hedge interest-rate volatility, there’s not currency volatility to hedge. Speculators need volatility to hedge and enter the market.” Sounds like a good thing to me. > New rules limited lenders’ ability and willingness to make principal bets with their own money Anyone know what regulation…
Re: Wall Street’s Trading Desks Endure Worst First Half in a Decade
#7Off-topic discussion below. This is the most vile dark pattern I have seen in recent times. On loading this page, there is an auto-playing, muted video. When you press its pause button, it is unmuted and keeps playing. Only when you press the pause button AGAIN does it actually stop playing. At some point when implementing that feature someone said "Sure, I'm OK with that". What went wrong there?
Is that even a dark pattern? Surely that's just outright lying.
Re: Wall Street’s Trading Desks Endure Worst First Half in a Decade
#8Off-topic discussion below. This is the most vile dark pattern I have seen in recent times. On loading this page, there is an auto-playing, muted video. When you press its pause button, it is unmuted and keeps playing. Only when you press the pause button AGAIN does it actually stop playing. At some point when implementing that feature someone said "Sure, I'm OK with that". What went wrong there?
This happens on espn.com as well
Re: Wall Street’s Trading Desks Endure Worst First Half in a Decade
#9A lot of our clients work in investment banks. There’s been a long (since the election) and growing narrative that the market will correct any second now... any second. Meanwhile the market has gone up up up. Part of that, I believe, is because most of these trading desks sit in one place - NYC, a super liberal anti trump environment - so it’s hard not to buy into the narrative and go risk off which means you would have missed all the market growth. Almost everyone one of my friends that work at hedge funds have underperformed the market over the past 24 months.
For the market to be at an all time high, somebody is making money. The good news is that most capital exists in pension funds which are effectively owned by “the people” so most 401ks should be doing well.
Re: Wall Street’s Trading Desks Endure Worst First Half in a Decade
#10,,we haven’t seen a lot of people repositioning their portfolios, we haven’t seen leverage increase.” Maybe people are starting to realize that changing portfolios all the time without a computer making the calculations is not the best way to make money (quite the opposite)
You're not wrong, but this seems to be focussing on the institutional share holders, whose job it is to trade, not trading so much. For them trading is the best way to make money, thus the layoffs.
I wonder how much of this is a short term blip, and how much is the new normal, and if it is the new normal, where does it all end up, is buying and holding going to get more expensive, or will the active investing core maintain the same cost structure, but just shrink. Will we be seeing more Lehman Bros, or more Deutsche Banks?