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  1. L

    Tape Reading Resource Request.

    Yes because trading is exactly the same as it was in the 1930s. Hint: displayed liquidity a fraction of what it once was post reg nms. :-)
  2. L

    Academic journals?

    :banghead::vomit:
  3. L

    Question on the fed funds rate —-

    Fed funds is the overnight rate. It’s the shortest rate. The different between terms (overnight, 1yr, 10yr, etc.) is the called the “term spread” or term premia. This is the compensation for the time value of money and embeds investors expectations of growth through the periods. If the 2y rate =...
  4. L

    Traders these days

    More screens to lose money on lol
  5. L

    FOMC has not stopped QE

    QT won’t impact markets much until RRP is drained (1T of excess liquidity)…at which the Fed will likely be ending its tightening cycle. If you took @suntrader’s view then you’d be max short long duration and expect massive steepening driven by a sell off in the long-end. That’s not going to...
  6. L

    What are stock analysts telling us when they change price targets.

    Lol have you ever actually read an equity research report from a bulge bracket?
  7. L

    What are stock analysts telling us when they change price targets.

    That they think the stock is worth less or more. You should read their research and compare it to your own view to arrive at a judgement. Good analysts are like movie ratings — helpful to get the basic idea, but your own opinion may diverge.
  8. L

    How to hedge the USD?

    …you can change your base currency in IB…
  9. L

    Dividend Stocks Questions

    There’s no free lunch and ultimately you should expect returns to converge around the long term average total return figure for equities, dividend or not. I would look to analyze the time varying nature of dividend stock returns to know when to invest in them and when not to.
  10. L

    Correlation reasons

    What’s your source for that?
  11. L

    Correlation reasons

    Asset classes and risk factors are the common ways professional investors categorize securities. Individual securities within an asset class or risk factor tend to have a high correlation, primarily due to the fact that the underlying risk is the same. For example, the risk of investment grade...
  12. L

    Simple technical analysis of several financial instruments: S&P500, GOLD, Bitcoin, EURUSD

    please let us know the accuracy of your chart forecast every 1 month, thanks.
  13. L

    Discounted Cash Flow

    RIM just means the actual income from business vs free cash flow. Net income is a good start.
  14. L

    Discounted Cash Flow

    Use a residual income model (RIM) or DDM for banks. For service providers you can use a DCF.
  15. L

    I'm looking for an edge - I can share a percentage of my profits

    ping me. I run an equity research & global macro internship (free & fully remote now) 2x year mainly for students from a few local Uni’s. It’s geared towards people with existing coursework in finance / economics who want to develop the skill set useful in investment banking, equity research, or...
  16. L

    Citadel Securities: A day in the life of a trader in NYC

    responding to RFQs is not easy and in wall street is what "trading" is... if you take risk you are generally a PM or designated as a risk-taking trader (sr traders, etc.), which is a no-no if simply delta (price direction).
  17. L

    Institutional Buying/Selling

    you're working backwards. unfortunately i'm not going to lay out all of the details for you lol, but i recommend you start with covering: 1) setting up a clear coverage universe & identifying major investors in your space including buy-sell rationale (can be done by reading fund prospectuses or...
  18. L

    Institutional Buying/Selling

    You still don’t know who is behind the trade or what their motivation is. So even if you see a print for 100k shares — what exactly do you do with it? You’d need to have a theory about subsequent returns and that requires more research.
  19. L

    Initiating a kid's education into the markets

    My friend you do not seem to exist ? :( https://www.google.com/search?q=gaffordstein&rlz=1C1ONGR_enUS964US964&oq=gaffordstein&aqs=chrome..69i57j0i546l3.2997j0j7&sourceid=chrome&ie=UTF-8
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