Browsing: Market Conditions

The Cautionary Tale of Equity Research

08/09/2021
The following is a guest article by Marc Rubinstein, who was a bank analyst at Credit Suisse and Barclays de Zoete Wedd before becoming a senior analyst and portfolio manager ...

2021 Euro IRP Member Survey: Unanimous Support for FCA Plans to Exempt Independent Research from MiFID II Inducement Rules

07/26/2021
The recently released Euro IRP Member Study revealed a number of key findings, including unanimous support for the FCA’s proposal to exempt independent research providers from MiFID II inducement rules. Top ...
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US Cash Equities Volumes Remain at Stratospheric Levels

07/21/2021
US cash equity trading volumes, consolidated across all US equity exchanges, fell 25% in the second quarter from record first quarter levels, but remain 50% ahead of pre-pandemic volumes.  The ...
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Wall Street Layoffs Surge in June

07/08/2021
The Wall Street employment picture worsened in June 2021 as layoffs exceeded hiring for the second straight month.  Layoffs surged more than 306% from the same month last year, while ...
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Academic Study Confirms Greater Reliance on Sell-Side Research During Pandemic

06/15/2021
Analysts increased their research output and the impact of their research grew as Covid-19 spread during the first quarter of 2020 according to a study from the University of London.  ...
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Quantifying Research ‘Juniorization’: Over 78 Centuries of Knowhow Lost

03/12/2021
Asset managers gripe that senior sell-side analysts are increasingly replaced with less experienced staff, a phenomenon measured by a recent Substantive Research study which calculated a net loss in analyst ...
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Shrinking Holding Periods Add to Stock Picker Challenges

08/05/2020
The average length of time an investor owns a stock has hit new lows during the recent COVID-19 market turmoil, according to NYSE data.  As holding periods collapse, pressures on ...
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Bad News for Stock Pickers: Stock Correlations Remain High as VIX Eases

05/28/2020
Stocks are moving in lockstep to a degree not seen since the aftermath of the Great Recession, creating a more hostile environment for fundamental equity research providers and their active ...
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Thoughts on the Corona Virus and its Effects on the Stock Market and Independent Research

03/23/2020
The following is excerpted from a recent briefing by Will Richards of the Research Alliance, a leading business development agency for independent research (www.theresearchalliance.com).  This is the third major market correction I ...
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2019 Bulge Research Analyst Headcount Shrinks 8%

12/30/2019
Based on data published by consulting firm Coalition Development, research analyst headcount at the twelve largest investment banks dropped 8% to 3,500 by the middle of 2019 across 12 of ...
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