1960s Wall Street is Back

and also the Dads

I’m not sure if you are aware, but Goldman Sachs and Morgan Stanley have blasted past their all-time highs.

And just like that, Wall Street brokers are reliving the cad dads of the 60s. But this time with moms.

But why?

For a fully fully fleshed-out perspective was recently offered by Josh Brown, who has finally discovered Substack.

Who is Josh Brown?

Josh Brown runs a fabulously successful wealth management company and is a CNBC contributor who sometimes offers good insights for us plebeians, though late, when you consume his info passively.

I believe CNBC is positioning him for the Mad Money crowd, if and when Jim Cramer steps down.

He has a good read on how to participate in AI and Space ventures by investing in banks that sell debt and are there for IPOs, like Goldman and Morgan Stanley.

This aligns with what I created in the 8-part weekly view, one of which is to monitor IPO issuance.

The more IPOs, the better these banks are going to do.

For today’s chat, what are the signs to monitor for the continuing growth of these banks? And what would make you think that these names are a bit top-heavy?

If you are looking for a more speculative name that almost went bankrupt due to a bad financing deal, I’ll share the name in chat.

Have a great Father’s Day

and if you think you’ll get in an argument with your dad, then wish him one the next day.

Life’s too short

Eric