Taylor Swift and Investing Collide
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Is Taylor Swift’s purchase of her original masters an emotional move? Or a brilliant investment? Last week Taylor Swift announced to the world that she had finally repurchased her masters for a reported $360 million, according to Billboard. We don’t have many details. Billboard said she paid […]
Jerome Powell Surprised Us at Jackson Hole
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Going into Jackson Hole, it felt like the market was primed for disappointment. But Powell delivered. What happened? We started the day with an exuberant market priced to perfection. Expectations that the Fed will cut interest rates at their September meeting seem fully […]
SPACs Are Back…But Should They Be?
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Special Purpose Acquisition Companies, aka SPACs, are making a comeback. After the mania of 2020–2021 fizzled out, we assumed the product had been consigned to the dustpile of Wall Street history. But Chamath Palihapitiya, once hailed as the “SPAC King,” has filed for […]
Hot Take on the Bond Market: IT’S A TRAP!
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Is the real risk in U.S. Treasuries…T Bills??? The financial press has been sounding the alarm for weeks. From Bloomberg to CNBC, heavyweights like Jamie Dimon and other trusted voices have been pointing to long-dated U.S. Treasuries as a risky investment. Why? Lack of fiscal discipline, inflation […]
Trade Court Blocks Trump’s Tariffs: Market Reaction and Lingering Questions
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Yesterday, the U.S. Court of International Trade shocked the markets by attempting to curtail some of the more extreme aspects of President Trump’s tariff plan. The court ruled that the reciprocal tariffs announced on “Liberation Day”, which were imposed under a previously little-known 1977 U.S. […]
Bad Press = Bad Bonuses?
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny A member of our social media community recently asked us about banks that have had some seriously bad headlines. “Do these impact the firm’s deal flow? And, if so, how badly?” Some have speculated that negative press will spark cries of outrage, scare […]
Trump’s Tax Bill: What’s In It, How It Could Pass, and Why It Matters for Markets
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Last week on The Wall Street Skinny, we sat down with Congressman Seth Magaziner to dissect the tax proposal that just passed the house by one vote, and the structural debt risks that aren’t getting enough airtime. Here’s a breakdown of what you need to […]
Top 10 Tips for Turning Your Summer Internship into a Full-Time Offer
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Jen here! For those of you who know me, many will recall that I didn’t get the return offer from my junior year summer internship. Yet only five years later, I found myself in charge of the all the summer interns rotating through the desks on the trading floor at the exact same firm I’d once […]
Why the Market’s Rebound Doesn’t Mean Tariff Pain Is Over
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Markets have been on a rollercoaster following the tariff announcements (Jen has aged in dog years). Yet major equity indices have rebounded to levels from before tariffs were first introduced. That might seem reassuring…but it shouldn’t be. The truth is, the real economic impact of the tariffs hasn’t hit yet. And the reason is […]
Zuckerburg Considered an Instagram Spin Off…What the Heck is a Spin Off?
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny There’s been renewed buzz about Big Tech breakups after a courtroom reveal: Mark Zuckerberg considered spinning off Instagram in 2018 over fears of antitrust scrutiny. The news surfaced during a high-profile trial in Washington that’s widely seen as the first real test of […]