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When I first started my job in investment banking, I knew the first month or so would be training before I actually hit the desk and started working with my team. The SIE, or Securities Industry Essentials exam, is a comprehensive introductory exam created and administered by the Financial Industry Regulatory Authority (FINRA) in the US.
Written by a Top OfficeHours Female Coach When I first started my job in investment banking, I knew the first month or so would be training before I actually hit the desk and started working with my team. The SIE was first introduced in 2018 as a mandatory exam for people seeking to be employed in the securities industry.
This could involve pursuing certifications relevant to your field, like CFA or Series exams, or expanding your knowledge in related areas, such as data analysis or programming. Networking isn’t just about securing a new position; it’s about cultivating relationships that offer support, advice, and insights.
Bank Failures, Rate Hikes and Market Mean Reverts As investment practitioners, we regularly encourage our clients to remain calm when reacting to unfavorable media reports about the economy or geopolitics. banks: Silicon Valley Bank (SVB) of Santa Clara, CA and Signature Bank of New York City. bank failures.
They do this by setting up entire teams (“pods”) for specific sectors, having each team learn their stocks or other securities in-depth, and then trading frequently based on catalysts and changes in investor sentiment.
inflation hit levels not seen in 40 years, which caused the central bank to leap into action to combat this silent confiscator of wealth. Deglobalization The world is moving into a period where national security is taking precedence over economic growth. Instead, they should become more bullish.
What we didn’t anticipate was the government liquidity cannons firing in response to three bank failures: Signature, Silicon Valley Bank, and First Republic. In direct response to the averted crisis, the Bank Term Funding Program (BTFP) added $300 billion to the Federal balance sheet in just three weeks.
The rash of bank insolvencies we saw in Q1 came to a halt, likely due to the Bank Term Funding Program announced in March by the Federal Reserve. This lifeline, designed to assist banks with liquidity needs, stood in contrast to the Fed’s decision to hike the fed funds rate once again. banking system. banking system.
FIGURE 2 Source: Strategas Securities LLC Following the oil shocks of the ‘70s and the breaking of double-digit inflation by then Fed Chairman Paul A. FIGURE 3 Source: Strategas Securities LLC Another key factor in future equity market performance is valuation. history was born. Will 2024 be a positive year for equities?
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