Hello, wonderful people,
Two signals for this week:
The announcement caused notable ripples. FactSet shares dropped 8.1% on the news, Morningstar reversed its gains and fell over 3%. – a signal that markets are pricing in real disruption to financial data intermediaries. There are also wider concerns about entry-level finance jobs (analyst roles focused on research, data pulling, and deck-building) becoming redundant. The value of the terminal itself becomes a harder question to answer.