Trader Talk

An exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington. Jonathan Ernst | Reuters What would a Democrat-controlled Securities and Exchange Commission look like? It’s early, but speculation is already raging on Wall Street.  Who will be the next SEC Commissioner?  Former CFTC chair Gary Gensler, who aggressively implemented Dodd Frank
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Securities and Exchange Commission Chairman Jay Clayton is telling corporate America it needs to get much more vigilant on security. In an interview Monday on CNBC’s “Power Lunch,” stressed that significant cybersecurity threats remain, despite the ongoing coronavirus pandemic and election season. “Cyber risks have not gone away with the unfortunate, unforeseen risks we’ve faced with
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People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 5, 2020 in New York City. Angela Weiss | AFP | Getty Images Stock market bulls, rejoice.  Third quarter earnings season begins Tuesday with JPMorgan Chase.  The good news: in the second quarter, companies delivered surprisingly large earnings beats as analysts underestimated
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Some are calling it “a la carte stimulus,” with aid for airlines in column A, PPP aid in Column B, etc.  Whatever it is,  hopes for stimulus — pre-election, post-election, comprehensive package, stand-alone deal, whatever and whenever — is supporting breakouts in cyclicals like industrials, materials, consumer discretionary, and banks. Many big names like Caterpillar,
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U.S. House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak to reporters after their coronavirus relief negotiations with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows at the U.S. Capitol in Washington, U.S. August 7, 2020. Jonathan Ernst | Reuters The trading community is actively debating the
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A computer-generated image from interiors contractor Portview shows how office space may be segregated as people go back to the workplace after the coronavirus lockdowns are eased. Portview What will the post-Covid workplace look like? Steelcase is one of the largest manufacturers of office furniture — desks, chairs, storage products and office pods — and
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You knew this was coming. The market internals had been flashing warning signs for a couple weeks: very few new highs, very sloppy advance/decline line, low short interest, and a lot of talk about FOMO (Fear of Missing Out) and TINA (There Is No Alternative). All signs of frothiness. So what is this? Is this
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