What are some good current events to be aware of going into S&T interviews and superdays. Some off the top of my head are interest rates, oil, and brexit. Anything else you'd expect one to be aware of?
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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.
Just sent a PM
Key Market Trends/News for S&T and Capital Markets Interviews (Originally Posted: 05/30/2017)
What are the key market trends/current event topics as of late (2017) that we should know about, have an opinion on, and be familiar with when it comes to S&T/capital markets interviews?
More importantly, what's an exemplar answer to 'what are your views of the markets'? What are examples of opinions about markets topics? I'm a little lost with how to follow the markets, where to start, what to know, and different kinds of opinions to have.
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.
Help with current events and JPM? (Originally Posted: 01/27/2010)
I know I should know this stuff myself. . . Just been slammed at my current internship, plus school, plus a needy girlfriend. (a bunch of poor excuses I know)
I haven't really been keeping up with the WSJ or FT like I should be. Could anyone point me in the right direction?
Any stories I should know about involving JPMorgan? Any other big current event stories that I should make sure I'm well informed on?
I don't need a summary more of just a push in the right direction of what to look up.
Thank you in advance.
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.
Mayhap you could suggest some potential names for their Investment Banking Division after it gets forcibly spun-off by the Glass–Steagall Act of 2010. (Morgan Stanley Version 2.0?)
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.
Best Current Events Source? (Originally Posted: 12/24/2010)
I'm assuming most people will say The Wall Street Journal, but I was wondering what you personally feel is the best source for business-relevant news, whether that be one publication or a combination of several.
Also, how do you feel about The Economist?
marketwatch/daily finance/bloomberg
WSJ is definitely my favorite. Economist is a bit too liberal...
NYT Dealbook is pretty solid... Dealbreaker has juicy stuff a lot of the time as well...
I like to scan the feed on the front page of Bloomberg. I also read the front page of the WSJ and then usually The Big Picture blog, Crossing Wall St and anything interesting on Abnormal Returns.
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.
Bloomberg terminal->Financial Times->Foreign Affairs->Seeking Alpha
Those are what I use.
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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