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Nvidia (probably) saved the day
Together with Good Morning, Nvidia's crucial earnings beat didn't do much to boost stock market sentiment after-hours, at a time where US equities are already taking a beating. On a related note, active fund allocation to Big Tech stocks fell to the lowest since 2008. Move on from the daily deluge of tedious tasks and …
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Mediocre 7
Together with Good Morning, US stocks tumbled further after another round of pessimistic economic data, with major indexes turning negative YTD and Big Tech stocks taking a blow on the compounding threat of Chinese AI competition. Investors are nevertheless unironically hoping for Nvidia's earnings today to change the tide. Automate your complicated business spend and …
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When AI meets Wall Street. A deep dive on Brightwave
Brightwave is revolutionizing the way Wall Street professionals work with their powerful AI platform. If you work in financial services, this deep dive is for you.
More from the archive
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M&A Fee-lemmas
‘Twas a pretty calm day in markets, with stocks regaining ground after last weeks selloff and businesses continuing to reel from CrowdStrike’s glitch. Meanwhile, a slew of failed M&A deals are making bankers rethink fee structures.
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Buh-Bye Biden
A CrowdStrike glitch nearly crippled the global economy, Taleb’s protege thinks the greatest bubble is at its peak, secondaries had a record H1, and Biden dropped out of the presidential race.
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Blackstone’s Back in Business
Blackstone increased its pace of investments, foreign holdings of US debt hit a record high, OpenAI is exploring making its own AI chips, and Amanda Staveley is going football club shopping.
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Slippery Chips
Dimon thinks the Fed should wait on rate cuts, Trump u-turned on TikTok, Wall St reported its best IB results in two years, and chip stocks got absolutely whooped.
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It’s A Small Cap World
Trump will consider Jamie Dimon for Treasury, major tech VCs are backing Trump, Bill Ackman thinks his ‘notoriety’ will boost his new fund, Microsoft laid off its DEI team, and small cap stocks are on fire.
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VC to VP Pipeline🇺🇸
Goldman is raising its first Asia-focused PE fund, investors are skeptical of BlackRock’s private market ETF ambitions, hedge funds are dumping software stocks at record pace, and Trump’s VP pick has an impressive VC background.
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Place Your (Election) Bets
Wall Street banks reported a jump in dealmaking, Indian equity issuances hit a record high, investors are looking to UK markets as a safe haven, and markets are betting on a Trump re-election after he survived a shocking assassination attempt.
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Major Market Reckoning
US markets had a historic day as CPI showed deflation for the first time since Covid. Tech, mega caps, yields and the dollar all tumbled as investors re-positioned for an end to high rates…
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McKinsey Billed Trash (Literally)
a16z is hoarding Nvidia chips to win AI VC deals, Costco will raise membership fees for the first time since 2017, Bill Hwang was convicted of fraud, and NYC paid $4M to McKinsey for a study on trash cans.
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Big Tech 500
S&P concentration is raising concerns, BlackRock is bullish on UK and Japan, Goldman execs expect the market rally to slow, China is leading in GenAI adoption, short sellers made $10B despite the Q2 rally, and fund managers are ripping off UK pensions.
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Betting on Bets: Wall St Edition
Morgan Stanley’s CIO expects a 10% S&P drawdown, nuclear energy stocks are rallying on the back of AI, gasoline short bets are at a seven-year high, Germany was sitting on ~$2B of Bitcoin, and Wall Street is taking interest in prediction markets.
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Happy Q3 To All Who Celebrate
What’s up Exec Sum fam! The editing team was out relaxing over the long weekend we hope ya’ll were too. Yet, markets continued to shape on European elections and robust M&A. We’ve got it all covered for you below as we get back to bringing the best in markets daily…here’s to a great H2🫡