Powell did the most telegraphed thing imaginable and the group chat still lost it. A field guide to the seven flavors of cope currently trading on the buy side.
Today's intraday swing was a casual Sweden. The desk has officially stopped flinching.
Fee compression was supposed to bury the gilded LP letter. The LPs re-upped anyway.
Index concentration hit a record that makes every risk manager need to sit down for a sec.
The dot plot: the Street's least-favorite group project, graded on a curve nobody agreed to.
It'd be the year's biggest sponsor-led software buyout, and proof the dry powder isn't purely ornamental.
The comp band is generous; the staffing model remains, mercifully, untouched.
Tired juniors are swapping the promise of carry for the radical luxury of a known weekend.
Another bank trims the class of 2024 and blames the org chart it drew last spring.
Deals are frozen, but the models keep getting built for deals that may never come. Hope is a process.
Every cycle invents a thrilling new way to lose money fast. The antidote is older, duller, and far less fun to post about.
There's $2.6 trillion sitting in the corner. What's missing isn't capital — it's anyone brave enough to call the bottom first.
The fee model didn't die. The bedtime story we told juniors about why it justified the hours might have.
One email. Five minutes. Read by 1.1M people who'd rather not read the other emails.
Markets, deals, and the group chat — for people who read the footnotes.