When I first got to SAC Capital in 1999, I sat back-to-back with another cyclicals trader. A tall and muscular man, he was one of the room’s best traders and most charismatic personalities. After a few weeks, however, I began to notice a disturbing pattern in his behavior.
About 2pm on most days he would start cursing at some imaginary personal in a low voice, just loud enough for me to hear. This wasn’t garden variety stuff either. It was language more appropriate to, well, the sort of private club that has a dungeon in the basement. Read more…..
Chart of the Day
The ‘Squawk on the Street’ team discuss Thursdays stock market action as investors prepare for the final trading session of 2020.