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The Fed and other central banks cut interest rates to 0% and printed massive amounts of money to support the “fiscal stimulus” that was allegedly required to counteract the pandemic; this created a bubble in the financialmarkets. SPACs , cryptocurrency, and other junk went “to the moon” as people piled into risk assets.
There is some overlap because at the large banks, wealth management clients often get early/privileged access to investment banking products, such as upcoming IPOs, equity/debt offerings, or new investment products. At the Analyst level , it’s more about grinding away in Excel and PowerPoint. and your odds are not spectacular.
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