This Is How Bad It’s Getting for Wall Street Traders

1) There’s Little Happening

Traders can play Nintendo and head off to Massachusetts for an afternoon of golf. Or while away the afternoons swiping on Tinder. Traders at some of Wall Street’s biggest banks have time on their hands, because not enough is happening on the global stage to persuade investors to get involved, Bloomberg’s Laura J. Keller reports. The Federal Reserve is holding steady on its plan for interest rates, President Donald Trump’s agenda appears to be stalled, and there hasn’t been a big surprise event like the Brexit vote to provide volatility. “As a salesman or trader, it does get to the stage where you go, ‘Christ, what am I going to do for the rest of the day?’” said Chris Wheeler, a bank analyst at Atlantic Equities. That’s bad for revenue at the big banks, which start reporting earnings Friday.