Balyasny Asset Management is looking to hire a product management associate who will be part of its equity product management team. The associate will support product management efforts for quantitative tools and systems. He or she will conduct quantitative investigations into issues that arise with said platforms and roadmap solutions to increase the reliability of such platforms, BAM said in a job ad posted on LinkedIn.
September 21, 2024
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GovCon News
Army Awards NextGen Federal $170M ASTEROID Contract
Information technology solutions provider NextGen Federal Systems has received the Analytics Solution to Establish Real-Time Operational Information Dominance contract. Granted under the General Services Administration's One Acquisition Solution for Integrated Services Small Business Pool 3 contract, the $170 million task order will see NextGen work toward advancing the U.S. Army's analytic capabilities in C5ISR domains. It will provide several support services, including prototype development, software engineering and the application of artificial intelligence and machine learning, Intelligence Community News reported.
Leidos Partners With Permion on AI Use in National Security
Leidos and Permion will work to accelerate the use of artificial intelligence in critical national security mission sets under a strategic collaboration. The collaboration will involve the use of Permion's X-Machines Instruction Set Architecture and Leidos' technology capabilities. The XVM-ISA platform will improve applications and capabilities that can be deployed on the tactical edge, on-premises or in the cloud, Leidos said Monday.
September 15 Market Report: GovCon Index Slips Along with U.S. Stock Indices
Executive Mosaic’s GovCon Index backtracked on Friday and gave up the gains from the previous day, slipping 0.40% to close at $138.28. Volatility took over with all three major U.S. indices tumbling after Thursday’s rally.
September 18 Market Report: GovCon Index and Wall Street Post Modest Gains to Start the Week
Executive Mosaic’s GovCon Index kept pace with Wall Street to start the week, posting modest gains characterized by quiet trading. All eyes are on the Feds as Chairman Jerome Powell and the governing council meet mid-week.
September 19 Market Report: GovCon Index Closes Lower Before Day of Decision
Executive Mosaic’s GovCon Index ended lower (-0.68%) like the major U.S. indexes a day before Wednesday’s Federal Open Market Committee meeting. Due to the lack of catalysts to push stock prices higher, the Dow Jones Industrial Average (-0.02%), Nasdaq Composite (-0.1%), the S&P 500 Index (-0.07%) hardly moved from yesterday.
September 20 Market Report: GovCon Index in Green, US Stock Indices Sink as Feds Pause Rate Hike but Hints One More Before Year-End
Executive Mosaic’s GovCon Index stayed afloat mid-week, gaining a modest 0.02% to close at $138.65. Unfortunately, all major US stock indices sank after the Feds kept its benchmark rate unchanged, but hints of one more hike before the year ends.
September 21 Market Report: GovCon Index and US Indices Retreat on Selloff, Bonds Rise to Highest Level
Executive Mosaic’s GovCon Index fell 1.86% to $136.11, and U.S. stocks slumped following the Feds’ hike pause but “higher rates for longer” warning on mid-week. The ten-year Treasury yield climbed to 4.48%, its highest level since 2007.
September 22 Market Report: Executive Mosaic’s GovCon Index Closed Lower as Wall Street Extends Losing Streak
Executive Mosaic’s GovCon Index was not spared from the market correction, closing 0.70% lower at $135.16. While the index lost for the second straight day, eight constituents gained compared to only one from the previous trading day. All three major US indices extended their losing streak to four days.
September 25 Market Report: Executive Mosaic’s GovCon Index & U.S. Indices Close Modestly Higher to Start a Critical Week
Executive Mosaic’s GovCon Index averted a three-losing streak, while the major US indices ended their slump to start a critical week. However, the equities market remains shaky due to surging bond yields, downward revisions of corporate earnings estimates, and a potential government shutdown.
September 26 Market Report: Executive Mosaic’s GovCon Index Back in the Red, US Indexes Post Sharp Losses
Executive Mosaic’s GovCon Index is back in the red, slipping 0.99% to $134.27 following the sharp losses of three major US indexes. The Dow Jones Industrial Average registered its most significant one-day drop since March this year, while the Nasdaq Composite and the S&P 500 Index declined 1.57% and 1.47%.
September 27 Market Report: Executive Mosaic’s GovCon Index, S&P 500 and Nasdaq Rebound, Treasury Yield Reaches Highest Level
Executive Mosaic’s GovCon Index rebounded from Tuesday’s loss, climbing 1.01% to $135.64. Nasdaq Composite (+0.22%) and the S&P 500 Index (-0.02%) edged higher, but the Dow Jones finished in the red. The 10-year Treasury Yield rose five basis points to 4.612%, reaching its highest level in 15 years.
