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Search resuls for: "Peter Tuchman"


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Known as "the Einstein of Wall Street," Peter Tuchman is one of the most famous traders on the New York Stock Exchange. He showed us why coming to the floor of the NYSE still gives traders an edge over people working from home.
Persons: Peter Tuchman Organizations: New York Stock Exchange, NYSE
Peter Tuchman, one of the most recognizable stock brokers on Wall Street, has been at the NYSE for over 37 years. Tuchman, who has been at the New York Stock Exchange for nearly 38 years, is the most-photographed broker on the trading floor. Tuchman describes the New York Stock Exchange as "the delta of all information" and the "last standing human entity market in the world." He landed a summer job as a teletypist at the New York Stock Exchange days after getting back. In the midst of the craziness, the wildness, and the chaos of the stock market.
Peter Tuchman has been at the New York Stock Exchange for almost 38 years and is the most-photographed trader on Wall Street. He's weathered the stock market crash of 1987, the bursting of the dot-com bubble, the financial crisis of 2008, and the COVID-19 sell-off of 2020. On March 10, when Silicon Valley Bank collapsed, "shit was really hitting the fan," he told Insider. Tuchman said when Silicon Valley Bank collapsed last week "shit was really hitting the fan." I watch at every given second what's going on with all that information," he said, gesturing at the hundreds of monitors around us.
Stock futures are flat as investors look to new year
  + stars: | 2022-12-27 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Traders Gregory Rowe (R) and Peter Tuchman work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Stock futures are near flat Tuesday evening as traders look to the end of a losing year and prepare for 2023. Futures tied to the Dow Jones Industrial Average added 11 points, trading near flat. S&P 500 and Nasdaq 100 futures were also both near flat. The Dow and S&P 500 are on track to lose 8.5% and 19.7%, respectively.
New York CNN Business —Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say this week’s inflation report may prove to be far more consequential to markets. Traders typically believe gridlock is good because it means one party can’t push through legislation that messes things up. Andrew Frankel, co-president of Stuart Frankel, agrees that a GOP victory is “baked in” and shouldn’t trigger a major market rally. If anything, Frankel said, it could be a sell-on-the-news event where markets retreat after getting confirmation of a GOP win. Multiple NYSE traders told CNN that the midterm election may be overshadowed by Thursday’s Consumer Price Index, an inflation gauge that has become arguably the most important economic metric of the month.
He’s an entrepreneur whose name often appears alongside descriptors like “wunderkind,” “savior,” white knight, “digital Warren Buffett,” etc. Then, in a truly unexpected twist, Binance said it had offered to buy FTX to resolve its liquidity crisis. The news prompted a brief recovery in digital assets but wasn’t enough to calm anxious investors. Other digital assets and equities tied to the industry, such as Coinbase, also fell. There’s a lot to figure out still, but we can expect digital assets to remain volatile until more details about the FTX-Binance deal are made public.
However, he couldn't make intraday trades because he didn't meet the pattern day trader rule (PDT), which restricts day trading unless a minimum of $25,000 is in the account. He recalls sitting at his desk all summer watching the stock market from his phone as he worked. He will then review the stock's market cap, which is important because larger can mean less volatile. However, there's a difference between a market stop order and a limit stop order. In August, he started trading again after the stock market began to rally and inflation began to tame.
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