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Bond Market

Jerome Powell
William D. Cohan • September 18, 2024

Wall Street’s M&A Paradox

Today, the Fed cut interest rates by 50 basis points. Meanwhile, the economy is thriving, and the stock and bond markets are rallying. So why is deal volume down 30 percent from last year? And why is the I.P.O market so lackluster? A revealing conversation with a top banker in the C-suite.
William D. Cohan • March 15, 2023
Two Days in the Valley
It’s hard to disagree with Bill Ackman, who tweeted, somewhat defensively, in the aftermath of the FDIC’s decision, that the government did the right thing.
A postmortem of an abbreviated financial crisis, and a look ahead to the next one in our social media age.
William D. Cohan • March 12, 2023
SVB’s Valley of Death
Greg Becker, president and C.E.O. of Silicon Valley Bank.
Assessing the reality of a historic 48 hours on Wall Street.
Larry Summers
William D. Cohan • June 15, 2022
Larry Summers, Obama & A Fed Counterfactual
In an alternate universe, Obama would have picked Larry Summers to run the Fed in 2013. And we probably wouldn’t be in our economic fix if he had made good on his promise.
Elon Musk
William D. Cohan • June 12, 2022
Elon vs. The Arbs
There are a lot of losers in Elon Musk’s hostile, weird, off-the-rails takeover/walk-away from Twitter—the company’s employees and board, chief among them. But the most vulnerable players may be the arbitrageurs.
Reed Hastings and Ted Sarandos
William D. Cohan • March 20, 2022
Netflix’s New Math & A Wall Street Travesty
With markets off their euphoric highs, the conventional wisdom appears to have changed overnight for Netflix, Zaslav, and the bond desk at Goldman Sachs. Does it change the risk calculus for Shari, too?
Bob Iger Rings Opening Bell At NY Stock Exchange
William D. Cohan • January 9, 2022
Iger’s Aftermath, A Crypto Genius & Zoom M&A
Notes on Wall Street's post post-Covid deal frenzy, the legacy of Bob Iger, and Silicon Valley's new digital gold rush.
Jonah Peretti and Adam Rothstein
William D. Cohan • December 5, 2021
BuzzFeed’s I.P.O., Dalio’s “Moral Lapse” & The Humbling of Marcelo Claure
Observations on the latest Wall Street gossip and market signals as our twelve-year bull market begins to turn.
Dow Jones drops
William D. Cohan • September 29, 2021
The “Zombies” Are Coming: Wall Street Executives Await the Big One
Bankers know in their guts, as well as in their brains, that the combination of the highest stock prices and lowest bond yields in recorded history is not sustainable. A massive correction is coming.