Arbitrage Andy senses a vibe shift.
It’s bonus season on Wall Street, and a rich one at that, but people aren’t spending like they used to, says Andy, an anonymous financier turned Instagram financial influencer.
On hold, for many, are the usual bonus-time baubles: bespoke Brionis, Rolex Daytonas, Porsches 911s and so on.
Instead, in these days of pandemic, war and financial uncertainty, more Wall Streeters are temporarily banking their 2022 bonuses. Some, alarmed by the surge in inflation, are seeking shelter in cryptocurrencies. Others are sniffing out real estate in work-from-home-friendly locales, hunting up pied-à-terres in the city so they can split their time.