Wall

Biden’s DHS Pick To "Study" Whether To Keep Trump’s Border Wall

Submitted by Planet Free Will, On the same day Trump extended an emergency declaration at the southern border, Biden’s pick for secretary of the Department of Homeland Security, Alejandro Mayorkas, says that he will “study” whether the border wall constructed under the Trump administration will remain in place. “President-elect Biden has committed to stop construction of the border…

Where Wall Street Thinks The Biggest Bubble Is

We are officially in bubble territory. Earlier today, coinciding with the release of the latest Bank of America Fund Manager Survey, Deutsche Bank also published its latest monthly survey (Jan 13-15) polling 627 market professionals, and which found that just a paltry 12% of respondents saw no bubbles in financial markets. So with almost 9…

Record Wall Street Euphoria Triggers First BofA “Sell Signal” Since February 2020

At the start of December, we showed in a handful of charts how current market euphoria had blown away past “dot com” levels, and was in uncharted waters… and why not: as KLC put it, “there couldn’t be a greater bullish cocktail of recent news, with three COVID vaccines showing strong promise against a backdrop…

Will “Santa Claus” Visit “Broad & Wall”

Authored by Lance Roberts via RealInvestmentAdvice.com, As we start moving into the last two weeks of the trading year, investors everywhere are hopeful that “Santa Claus” will visit “Broad & Wall.”  The actual Wall Street saying is that “If Santa Claus should fail to call, bears may come to Broad & Wall.” The Santa Claus Rally, also known as the…

What Wall Street Thinks Are The Biggest Risks For 2021

While the most interesting part of the monthly Bank of America Fund Manager Survey is the question what Wall Street’s professionals think is the biggest “tail risk”, there is a certain sense of predetermination to a survey that everyone on Wall Street reads, is well aware of, and is tempted to perpetuate. In any case,…

Will Alternative Media Push Biden To Rein In Wall Street?

By Aaron Kesel Surprising both alternative and mainstream media outlets, President-elect Joe Biden recently named Wall Street scourge Gary Gensler as Advisor on policy for regulating Wall Street, as Bloomberg reported. Though Gary Gensler worked many years for Goldman Sachs, Wall Street is afraid of the post-2008 crisis subsequent public service works by Gensler; who…

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,…