On Wall Street Trading Desks, Here's What They're Talking About Right Now

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Photo: Wikimedia Commons

Dave Luts of Stifel, Nicolaus sends around the top topics he’s chatting about with clients this morning.We summarize in our own bullets:

  • Markets down across the board. PIIGS sovereign bond yields jumping.
  • Terrible Spanish employment data not helping.
  • Shanghai Crushed.
  • Tech whacked everywhere thanks to Apple and Amazon.
  • Gasoline outperforming other commodities thanks to Hurricane Sandy fears.
  • LOTS of talk about Sandy. “The latest track of Hurricane Sandy looked headed straight for the heart of the East Coast refining industry.”
  • More buzz about Finland being the country that might ultimately decide to quit the Euro first.
  • M3 shrinks in Europe. Bad sign.
  • Chinese Yuan hits a new high.
  • We’re coming up upon a strong period for the market: Between the last week in October and the election.

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