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Good question -- that was because of the anchoring effect and because the Fed had lost credibility during the mid 70s.

It actually is all about oil. The oil shock drove prices up across most consumer goods (inputs, manufacturing, and logistics) and created an anchoring effect, where consumers began to expect higher prices.

Agreed. I never use it for idea generation (though getting big enough to be on an analysts "flash" report distribution list would be great again!) but it is very useful for due diligence, understanding the landscape, and such.

So I searched through Refinitiv's site and couldn't find it. I wonder if they consolidated it into another product?

Thanks for the replies! I do have some broker entitlements directly through existing relationships, but it's still only about 5 firms (2 bulge brackets, 2 smid/middle markets, 1 international). I will check out ThomsonOne IM -- really appreciate the tip. I'm pretty exhaustive in my research...

This gave you access to equity research on the street or morningstar's own research?

Hi everyone, Now that I’m running my own shop, I’m finding it hard to get broker research. I get a few freebies on the terminal, but does anyone know if there is a good aftermarket / embargoed research platform I can pay for? Alternatively if you have a salesperson at major bulge brackets, I...

Automated valuation models = garbage. Current price reflects market estimate equilibrium. So valuing a stock using consensus data does not make sense. Instead, you want to test scenarios (e.g. consensus is 15% growth but you think it’s 22% — what does that translate in stock price terms?).

Most are scams. I particularly hate it when people discuss "market makers" in a stock lol. :)

You can look at other measures of inflation, such as the Big Mac index or breakevens on TIPS, and they all show persistent low inflation.

What's the alternative? Go into a depression? There is not sufficient, broad-based, demand to keep the economy afloat.

Nobody cares about your strategy lol.

There's not a massive inflow of revenue and a misunderstanding of QE. Yes, low rates do mean stock prices are worth more.

I'd forget everything you thought you knew about the market and start fresh. As an individual trader, you are really doing three jobs at the same time: 1. Idea generation -- finding good trade ideas that are driven by information, fundamentals, or defined catalysts 2. Trade execution -- fill...

This will continue until rates move meaningfully higher. Companies with high growth baked into their terminal values are very sensitive to changes in the discount rate. The current enrichment suites them because 1) rates are pinned down in the short term 2) other segments of the economy are...

Melt up signal = spx up + vol up

You should "price the option" to figure out an appropriate "midpoint" and then rest your order there (limit). To do this: Pricing the option can be done using an options calc like the one on the CBOE website. Next, solve for implied vol of bid and ask. Price the trade using either your estimate...

Hi — If you want to move to the front office, your best chance is to apply for analyst roles in sales & trading. It is very hard to vertical from a non-front office role. Use your internal directory to find people in trading (in a product you want to be in) and just voice your interest and...

Good idea it to look at volatility (VIX9D, VIX, VIX3M) to get a sense as to where there might be events at play that could push prices lower. An important thing to note is that investor sentiment is typically what causes short-term reversals -- so I would pay attention to indicators of sentiment...

You can, just need to be smart about it. Think about these items: there may be seasonality (some months might show higher numbers than others because of some unrelated item, e.g. tax payments or when new visas get issued, etc.) distribution should be normal, so moves beyond 1-2std should be...