Wall

Google Muscles In On Wall Street’s Turf With New Checking Accounts

Following in the footsteps of Apple Pay and the Apple/Goldman credit card, Google owner Alphabet is finally making its move to expand its rudimentary Google Pay service into a checking account that can also grant users access to other cards and discounts. The upgrade marks Google’s deepest foray yet into the US financial system, just…

“Sell The Vaccine”: Euphoric Wall Street Goes “Full Bull” As Optimism Hits 20 Year High, Prompting BofA To Turn Bearish

Last Friday we reported that after looking at the wave of euphoric bullishness sweeping across on Wall Street sparked by a combination of a (newly) bullish lack of a blue wave coupled with imminent vaccine hopes, BofA’s Chief Investment Officer stood out amid the crowd of Wall Street cheerleaders and urged the bank’s clients to…

Wall Street Bonuses “Wrecked By Pandemic” 

It certainly has been a chaotic year for finance professionals, many of whom have been forced to work from home or, for some, work from the Hamptons. As early as May, we outlined how Wall Street bonuses for 2020 were expected to slump. With 49 days left in the year, New York consulting firm Johnson Associates confirmed in a…

In Stark Reversal To Wall Street Bullishness, Bank of America Now Says To “Sell The Vaccine”

To say that this week’s Pfizer virus news was seen by markets as positive for risk assets would be an understatement: according to BofA’s Chief Investment Strategist Michael Hartnett, this week’s inflow into equities was an all-time record of $44.5 billion… … which consisted of:  US equities $32.5bn inflow = 2nd largest ever; EM equities…

Here’s What Wall Street’s Most Accurate Analyst Thinks Will Happen Next

Over the past year, Morgan Stanley’s Michael Wilson has done something virtually none of his colleague have been able to do: he called market moves correctly before they happened and also timed the market’s inflection points with uncanny precision: turning bullish at the depths of the March crisis, when most of his peers were apocalyptic,…