Featured
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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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Investment Banking Loyalists
Together with Good Morning, Musk's Grok AI chatbot went full Hitler, a16z left Delaware and advised startups to follow, Nvidia hit a $4T market cap, TikTok is prepping a US app with its own algorithm, a global regulator said hedge funds should face limits on leverage, and Goldman Sachs is demanding loyalty oaths from analysts …
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Goldman Sachs’ Loyalty Test
Goldman Sachs is reportedly implementing a new loyalty certification system for junior bankers, requiring them to confirm every three months that they haven’t accepted job offers elsewhere. The initiative is part of a broader effort to stem the tide of private equity firms poaching talent early in analysts’ careers, often during or even before their …
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Government Sachs
Together with Good Morning, All megafunds delayed on-cycle recruiting after Jamie Dimon's pushback, Florida's crazy non-competes bill became law, VC IPO exits are headed for a decade-low, Russia banned Yale University (???), and ex-UK PM Rishi Sunak re-joined Goldman as a senior advisor. Columbia Business School Exec Ed and Wall Street Prep launched a comprehensive …
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Former UK Prime Minister Rishi Sunak Joins Goldman Sachs as Senior Advisor
Nearly two decades after launching his career at Goldman Sachs, former UK Prime Minister Rishi Sunak is returning to the Wall Street giant, this time in a senior advisory role. Goldman Sachs CEO David Solomon announced Tuesday that Sunak will join the firm to provide strategic counsel on macroeconomic and geopolitical matters. Sunak began his …
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Trade War II
ilpTogether with Good Morning, US will resume 'reciprocal' tariffs in August, public university endowments are increasing PE investments despite a slowdown, first-time home sales are tanking, investors are piling into tokenized Treasury funds, and DOJ and FBI found no 'client list' or foul play related to Epstein's crimes and death. Farsight AI is automating workflows …
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New Party, Who This?
Together with Good Morning, After spending the long weekend celebrating America's birthday, monitoring the situation, and digesting the news of Elon’s new political party, the Exec Sum team returned to a pleasant surprise: 350,000 Exec Sum subscribers 📈 We're incredibly thankful to each one of you for trusting us as your go-to source for financial …
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Markets rally ahead of America’s Bday
Good Morning, Hedge funds had a good H1'25, Wimbledon debentures have become a lucrative investment for wealthy tennis fans, markets hit new all-time highs, Diddy was acquitted of most charges, and 5+ startup founders realized via social media that they were all employing some guy from India at the same time. As we head into …
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Hedge Funds Never Left
Together with Good Morning, Top hedge funds erased losses to turn positive in H1, activist investors are taking a breather, Europe junk bond issuances hit a new record in June, Trump has 'two or three' choices to replace J Pow, and Trump's fiscal agenda passed the Senate. Mizuho America's Head of TMT sat down with …
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Dear Jay Powell,
Together with Good Morning, US stock markets rounded off a positive Q2, Robinhood is going all in on crypto, TikTok's sale will have a PE component, big hedge funds are pushing into private credit, and Trump sent a hand-written note to J Pow demanding "the rate" be lowered to 1%. Alexandr Wang, the new Chief …
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The List
Together with Good Morning, Canada folded on trade talks, Zuckerberg is compiling a secret 'list' of AI superstar recruits, Gen Z is crushing the retirement savings game, Goldman scrapped plans for a hotel brand in Greece, and US stock indexes hit new all-time highs in a welcome milestone ahead of Fourth of July. Streamline all …
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Fartcoin-Backed Securities
Together with Good Morning, Fannie Mae and Freddie Mac will soon consider crypto as an asset when assessing mortgage risk. Did we really not learn anything?? 🤦 Just like any other technology, there's been rapid evolution in the crypto space with institutional growth of stablecoins, political embrace of crypto, ambitious crypto VC, and much more. …
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Never Skip Due Diligence
Together with Good Morning, Jane Street's co-founder was duped into funding AK-47s for a South Sudan coup planned by a Harvard fellow. One slip up in due diligence and next thing you know, you're overthrowing governments 🤦 Also, lots of mixed reactions to the NYC mayor Democratic primary but Twitter sums up the sentiment perfectly… …