Best Response

Rates - forward projections and how they affect FI markets. Using "FedWatch" tool by CME is great for US Rates. Try to have a broad knowledge of each major central bank policy, and the market impact/opportunities of these policies. The smarter interviewers will typically ask you to explain X impact on Y market, or the historical policies of a major central bank (if you are on a rates desk).

Oil - pretty straightforward. Learn the numbers and trends from Baker Hughes rig count, EIA reports and forward balancing projections. Understand the major drivers of the crude markets, and their impact on other market sectors.

Brexit - Self explanatory. I'm guessing you are interviewing in the UK? Explain what you think will happen in the FX markets, interest rate markets, and have a knowledgeable opinion on whether Carney cut the base rate too early.

Other questions I have used/ run into: -What is our share price? - (Execution Trader for a fund) How would you ask a broker for XXXX? - Would you screw somebody else over in order to get ahead? - What is your risk type? (Self awareness as opposed to actually quantifiable - should probably have a polished response prepared) -(Passes front page of FT) Which headline interests you the most and why?

Hope the above helps. Feel free to PM if anything else comes up.

 

start with the general news. slowly you will develop inclinations towards certain news. myself - i like the chinese and middle eastern markets. then it becomes easier to read. some people like macro stuff, some people like stocks, some people like credit. whatever it is, just read what you can and it helps if it interests you. I rarely doubt somebody will just ask you whats your view of the markets. they might ask you what you think is happening now. so if you've been reading, you will be able to answer that. general trends are the diverging monetary policies across G10. China taking a lead globally. Brexit. UK politics. New Fed chair. Tax reform. extremely flat yield curve.

there's alot to read, alot of "trends". nobody is gonna ask you your opinion on the swap curves, credit spreads etc when you dont really have access to bloomberg data etc.

 

ha, where to start? i'd definitely know the possible ramifications the proposed "volcker rule" might have if it goes through. increased derivatives regulation & clearing requirements will have a huge effect on JPM as well.

 

pretty much everything going on in the financial sector right now, Obama has been bashing wall street left and right, just take a glance at the WSJ or read up on bloomberg or marketwatch. Limits on prop trading for banks is one thing. Also agreeing with above poster repeal of Glass Stegal Act of 1999. Salary Caps, bank taxes, taxes on Wall Street Execs, etc. etc. There is a ton going on in the financial sector right now.

 

marketwatch/daily finance/bloomberg

"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.
 

GARP has a good daily newsletter they send out. Articles are generally concise and include interesting topics that major news outlets usually won't cover. Also a must is Der Spiegel.

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
 

Haha how the heck is the Economist Liberal? It's relatively conservative, if anything. The Economist is by far the best weekly in the English Language, while the WSJ and FT are the best daily newspapers by far, though the NYTimes is great for Arts coverage, critics, and overall coverage on stuff that it doesn't get destroyed in against WSJ and FT. Seeking Alpha is great for conference call coverage. The New Yorker has some superb writing but is extremely liberal

 

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