The “deal toy” indicator has turned bullish on Wall Street.
Deal toys are small, relatively inexpensive and typically Lucite, trophies that serve as a way to commemorate a firm’s noteworthy deals. A company may order 20 more of them for the employees involved in the deal. As a result, they’re a pretty good gauge of deal activity.
In Wall Street’s heyday, before the financial crisis, companies ordered “toys” with abandon — not even worrying about how much they cost. During the financial crisis, the business dried up dramatically. And Wall Street remained rattled last year with the “fiscal cliff” at the end of 2012, when tax increases and spending cuts were set to kick in. Now, with that crisis averted, business is starting to roar back.
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