Operating at the Intersection of Technology and the Capital Markets
Category: Investment Banks
The price increases of goods and services in 2021, 2022 and YTD combined with higher interest rates have ensured that a recession will follow. The economic damage is done. The Fed could take interest rates to zero percent tomorrow and restart QE and it would not stave off this recession. Prices for goods and services … Continue reading This Economic Recession Is Baked In
The Fed resumed QT the week ending May 31st having modestly reduced its Treasury and Government Agency security holdings (modest in comparison to the Fed's former QE buying program). Treasuries: The Fed’s Treasury security holdings decreased by $31.1 billion for the week-ended May 31st and decreased by $59.9 billion on a rolling 4-week basis. Agencies: The Fed’s … Continue reading The Fed’s Balance Sheet Reduction (QT) Update
The Bank Term Funding Program (BTFP, bail out/QE) had approximately $93.6 billion in outstanding loans as of Wednesday this week, up from $91.9 billion (+ $1.7 billion) a week ago. The “other credit extensions” line item of $188.1 billion includes the FDIC loans made to regional banks. This figure is down from $192.6 billion (- $4.5 billion) … Continue reading Weekly Update: Bank Term Funding Program
Our view is that M&A activity will further slow from here (especially within Tech), given that valuations have rebounded to a large degree year-to-date (Tech in particular), but sales pipelines are not any more robust than they were in Q4'22 nor Q1'23. Further, the macro economic environment is not any stronger today than it has … Continue reading We Expect Less M&A Deal Activity in 2H 2023
We recently wrote Don’t Worry About The Debt Ceiling as a deal would inevitably get done as both sides want their pork. The spend-heavy Dems and GOP have reached a tentative debt ceiling deal. This means more fiscal spending that's not tied to production/GDP, more fiscal deficits, more debt and more inflation. The inflation tax … Continue reading Spend, Spend and More Spending
We have over 100 AI-related articles. Here are our top AI-focused articles. They cover all elements of AI including many companies that play in different corners of AI. Reach out to us with any questions at jmaietta@tek2day.com AI Is Nothing New, Yet We Are Only Scratching The Surface Build Your Own NLP Front-End AI-Powered Convenience … Continue reading All Things AI
AI is nothing new, yet we are only scratching the surface. I believe that every Technology company is incorporating broadly-defined "AI" into their products and services offerings at this juncture. "AI" at its core is based upon statistical models that underpin various advanced automation processes such as machine learning, deep learning, neural networks, natural language … Continue reading AI Is Nothing New, Yet We Are Only Scratching The Surface
The Bank Term Funding Program (BTFP, bail out/QE) had approximately $87.0 billion in outstanding loans as of Wednesday this week, up from $83.1 billion (+ $3.9 billion) a week ago. The “other credit extensions” line item of $208.5 billion includes the FDIC loans made to regional banks. This figure is down from $212.5 billion (- $4.0 billion) … Continue reading Weekly Update: Bank Term Funding Program
Below is the high-level outline for our next book to be published as an Amazon Kindle book later this summer. The book will be focused on CEO communications with public company investors. I. Define Your Company What We Do & How We Do It How We Create Customer Value How We Create A Sustainable Competitive … Continue reading Communicating with Investors: A CEO Handbook
I read through the Fed's 2022 bank "stress test" over lunch. It is almost comical how the Fed did not flex interest rates by more than 150 BPS in its Baseline and Severely Adverse scenarios. There really is no logical reason for not running various modeling scenarios that would see rates climb by 1,000 BPS … Continue reading The Fed’s Bank Stress Tests
You must be logged in to post a comment.