Negative WTI Futures and Philosophical Musings Coronavirus Markets by Matt - April 24, 2020April 24, 20200 We haven't been writing a lot lately because work from home is hard. Somewhat amusing, I was supposed to meet a friend somewhere in December and we decided on Wuhan. She later decided that she did not want to meet up and went to California. My AMEX concierge then cancelled my
Where is the S&P 500 and Where Will It Be in 6/12/18 Months – Part II China Markets by Matt - January 27, 2019January 27, 20190 Where is the Stock Market Going in 2019 and After Read Part I Here We expect the market to rise back to its peak around 3,000 because of how we interpret this chess game - Trump needs a deal to save face because of voter fatigue around the China issue. Midterm elections
Where is the S&P 500 and Where Will It Be in 6/12/18 Months – Part I Markets by Matt - January 27, 2019January 27, 20190 Answering Market Questions in S&T/Investment Banking Interviews 2019 We get asked a lot by people who are interviewing for sales and trading (and investment banking, as MDs like to see if students know what is going on in the markets, can speak to the underlying factors and develop a view). We
The Sky Is Falling Equities Investing Markets by Matt - December 18, 2018February 18, 20190 The stock market has fallen a lot and people are worried about all of the news items that have been popping up. Is the 9 year bull market over? The news items are scary - here are a few to summarize in case you get asked why markets are falling for
Why Are Canadian Oil & Gas Companies Down? Canada Markets by Matt - February 11, 2018March 1, 20180 This runup in oil prices has resulted in energy companies across the globe seeing their stock prices rise as cash flow expectations ramp up. However, Canadian energy companies have lagged global peers and for some names – gas producers in particular - dropped precipitously during this same time period. The reason
February 2018 Oil Price Update Markets by Matt - February 10, 2018March 1, 20180 This week, everything is down – stocks, bonds, commodities and Bitcoin have all been hit hard by the return of volatility, with no safe havens (ironically, Snapchat and Twitter did very well). This sell off was not in line with economic data, which was broadly positive throughout the week. Consumers are
The Oil Futures Curve Markets by Matt - January 10, 2018March 19, 20180 Oil Futures Curve Overview Looking at the futures curve for major oil benchmarks such as WTI or Brent is important for oil and gas investors (both debt and equity) and speculators or physical oil traders. The front end/short end of the curve is more politically driven and will fluctuate based on
Macro Brief for Interviews: Oil and Interest Rates Markets by Matt - October 14, 2017July 10, 20180 As a continuation of our last macro post and knowing that investment banking interviews continue to include more macroeconomic questions to separate engaged candidates from brainless, preppy kids who have memorized the Vault guide, we are going to touch upon some of the more popular themes right now for major
Liberalization of Chinese Markets and Oil Canada China Energy Infrastructure Markets South America USA by Matt - May 26, 2017February 19, 20180 China is the largest and most relevant market for oil as they are widely considered to be the main anchor of demand growth as consumption rises with an increasingly affluent population. China has looked to modernize various sectors controlled by the state, from banking (liberalization of interest rates, regulation for
A Ceiling on the Recent Oil Price Run Up Markets by Matt - May 24, 2017July 10, 20180 Oil has been steadily rising the last few weeks, with the Canadian dollar strengthening in tandem. Market talking heads have been calling a return to $65 or $70 oil as OPEC effectively “rebalances” the market with cuts, theoretically a smart way to capture more money from oil buyers while existing