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Investment Bank Outlook

Institutional insights: BofA - Liquid Insight: EUR in a less USD world

BofA - Liquid Insight: EUR in a less USD worldKey Takeaways:• EUR's transformation from zero to hero: US reciprocal tariffs are detrimental to Europe, but even more damaging to the US....

Institutional Insights: Alpine Macro-Basis Trade Mayhem: When Will The Fed Step In?

Basis Trade Mayhem: When Will The Fed Step In?A rapid unwinding of the Treasury basis trade has caused Treasury yields to rise sharply today. This trade takes advantage of small pricing discrepancies...

Institutional Insights: Goldman Sachs - CPI Preview 10/04/25

Goldman Sachs: CPI Preview FICC and Equities | 9 April 2025 | 9:19PM UTC SPX implies a ~2.30% move through tomorrow’s close. Key Forecasts (March CPI): - Core CPI: +0.27% (vs. +0.3% consensus),...

Institutional Insights: Goldman Sachs - Framework for Finding Fast Horses and Elephant Trades

Past the Elephant Trade: Back to the Fastest HorsesFICC and EquitiesTrade tensions and tariff-induced recession fears are behind us. However, elevated market volatility and asset price dysfunction...

Institutional insights: Morgan Stanley - Perspectives From The Sales & Trading Desk

Morgan Stanley SALES & TRADING COMMENTARYSome market stabilization provides a window to shift focus from risk management to forward planning. The “fast money” has already exited – hedge fund net...

Institutional Insights: Goldman Sachs - Managing Risks and Preparing for Elephant Trades

Managing Risks and Preparing for Elephant Trades FICC and Equities “This is only a problem of speed; the magnitude is not the issue. The S&P here doesn’t even take us back to the beginning of...

Institutional Insights: Goldman Sachs - What to Watch When Deciding to Step In During This Event-Driven Sell-Off

What to Watch When Deciding to Step In During This Event-Driven Sell-Off FICC and Equities Markets are awaiting a significant policy change, either from Trump (difficult to predict when or if it...

Institutional Insights: Nomura Equity Sales Desk Views

Nomura Cross-Asset: THE HUMAN VVIX, OR "SWIMMING WITH PIGS"The McElligott family’s spring break trip to the Bahamas coincided with “Liberation Day” last Wednesday, marking our departure from...

Institutional Insights: Goldman Sachs FX Focus

FX in Focus Loss of US Exceptionalism Strengthens Case for FX-Hedging US EquitiesThe erosion of US exceptionalism and increased recession risk suggest a shift in hedging strategy. Recently,...