Wall Street Prepares for Disappointing Bonus Season

The video discusses the challenges faced by Wall Street in 2020, with expected declines in bonuses, especially for advisory bankers. Fixed income traders are seeing opportunities as they consider moving to the buy side. Hedge funds are attracting traders with lucrative offers, contrasting with banks' stricter policies. The discrepancy in compensation is highlighted, with hedge funds performing well despite a tough year for the buy side.

What factors are contributing to the expectation of a bad year for Wall Street in 2020?

How has the fixed income trading revenue at Goldman Sachs changed in the first half of the year?

What are some reasons traders are moving to hedge funds like Citadel and Millennium?

What discrepancies exist between the pay structures of hedge funds and traditional banks?

What impact are job cuts expected to have on Wall Street by the end of the year?