I'll be interning at a top BB this summer in S&T in Fixed Income. I've always struggled with the question "tell me what's going on in the markets", as it seems so open ended that I end up sounding like an idiot. However, if someone asked me what do you think the risks of Y in X asset class are based on Z happening, I answer well and it's well received (interned in S&T at a more boutique place last summer).
I am wondering as a SA at a massive BB this summer, how do I impress enough to get a FT offer, when oftentimes traders are so busy that there might not be enough time to have a longer discussion like in that second example? Maybe I am overthinking it, but last summer interning in S&T at a boutique wasn't as hard as I pictured it in my head beforehand, so I wonder how different it'll be at a big BB where an offer is on the line. I can't tell if there's this artificial perception that just because these internships are so competitive that the work is incredibly difficult as well (for interns of course, I get FT is a different beast).
Pick one thing to say from below (ranked in order of importance) and go from there;
G3 central banks - Fed, ECB, BoJ ... Recent changes in policy/guidance, what/why are the drivers, predictions, etc.
Growth and inflation data points/trends - GDP, CPI, NFP, Retail Sales, Jobless claims, trade balance
Bonds - yield curve shape, foreign demand, Treasury auctions
Commodities - oil, gold
Stocks - outsized sector performance, VIX
EM - significant currency moves/CB actions, elections
US Politics (absolute last resort) - tax reform, elections, etc.
i usually just talk about the WSJ front page stuff from the past week or month - trade war, slowing growth in economy, etc
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