How to get a good overview over the market
Hey Guys,
I’m about to a graduate program a large buy side firm. Currently I’m trying to get a good overview over the market, so that I’m able to have a quick chat/ discussion with colleagues about a decent amount of companies. How did you get this overview of the broad market? Did you make a list of the companies in the S&P and Eurostoxx and then researched the companies for 1-2 hours each to be able to speak about them on a very high level (knowing trend, markets, main products, relevant exposures to specific regions etc) or is there a nice resource you can recommend with high level information about a lot of companies?
Hi there,
I guess I would say that this only comes with time. Of course, you can spend time researching companies and trends which will help, but being able to talk naturally about the markets will come within your first year of being immersed in the environment.
For me, I found it best to get a subscription to Bloomberg and watch the US open show with Jonathan Ferro. This will give you a high level understanding of how people in the markets talk, recent trends and any notable events. It is also daily and give a good recap of events.
Hope that helps!
Thanks for the quick and helpful reply
Any other tips/ suggestions?
Best to just read bloomberg, wsj, cnbc, etc. A lot of good sources of information are behind paywalls which you will soon have access to. (trading platforms, sell-side research, breaking news aggregators).
Does the team you are joining cover a certain mkt cap, region, or sector? That would be more helpful than picking stocks out of an index to look up.
I would also suggest getting more comfortable with what you should be looking for in a company and not aspects of a random individual company. For example, instead of learning about XYZ's main products, I recommend looking into the fundamentals of XYZ and how it compares to its sector or the S&P 500. Like their p/e is x vs the S&P 500's is y. Therefore, its over/under-valued compared to the S&P 500. Then you take the next step to discover an answer as to why that is. I think that would lead to more fruitful conversations.
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