More Deals Done Hinted on Wall Street

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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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu