Sell side for equities needs to be laid off - they add zero value
Sell side equities (that send notes to buy-side) need to be laid off. They are adding zero value whatsoever by summarizing stock moves - that already happened, while being purely unable to predict any future stock moves. It's completely useless to summarize X is up 10%, Y is down 20%, Z is ripping 40%, etc... when it already happened and no alpha can be made from this. Very annoying that sell side is increasingly focused on providing superficial emails that purely summarize "what stock is ripping, what's tanking" with zero analysis and prediction for what could be the next to move.
I am a buy side L/S sub-book PM and I find sell side to be completely useless as shit. The quality of sell side has deteriorated significantly. Seems like they are hiring jokers who scroll Twitter every day with zero brain and zero analysis. They should be fired if they can't provide any real analysis. These people shouldn't be making 150K a year with job stability. I can see stock moves myself and don't need someone to summarize it for me every day with zero actual value add. Sell side is just becoming spammers now - they should be fired.
Didn't you make exactly the same post a month ago?
Yes I did. You got a problem with it?
I highly doubt you work in any front office role if you use the sell side for anything other than corporate access.
Sell side is a bunch of dumbasses who have no biz spamming buy side with random stock calls that they have zero positions or risk in. Just a bunch of spammers and market commentators. What value do they serve?
Literally every single person who work on the buyside knows this. Are you larping as a investor, lol
Considering he also asked about differences in risk limits between credit in equities I assume larping. You can't be PM at a MM with no knowledge of risk frameworks for other asset classes.
Please stop LARPing as a PM. The numbers you are using to make your point are legit embarrassing and are a huge tell that you have never even run a mock portfolio, let alone a real book
So do you plan on getting in contact with IR yourself?
I do that all the time. In fact, I rarely even talk to IR, because of how useless it is.
Little bro just worry about your upcoming interview with your college investment club
There are good sell siders out there. Do you have relationships with some of the more boutique research shops?
i love reading sell-side reports. i can't be the only one. good sell-siders act as an intermediary between corporate and PMs/analysts. Information brokers in another words
Let me guess, you trade technicals using charts…
My fund just expanded its universe and my role is 100% focused on exploring the new markets for names that could fit into our strategy. I use SS initiation reports a lot to quickly learn the basics of the business and the competitive environment so I can judge whether it is interesting enough to put more time into. Especially when I’m looking at niche sectors that I’ve got no experience with, SS reports are great to get up to speed quickly.
I do agree that SS recommendations have to be taken with a slab of salt (and target prices might as well be written with a blindfold on).
What are you trying to accomplish by posting this? And not just once, but twice ?
Just don’t read it then and move on.
10/10 rage bait
But on off chance you are serious. The fact you can't figure out what sell side is there for, well it doesn't bode well for your career.
If you haven't figured out by now what their product is, how they fit in the grander scheme of things, what the price targets are, and how they work more generally etc. - might as well do something different honestly
Did it ever occur to you that you’re not important enough to get proper coverage from the sellside?
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