dictate

“December quarter revenue is typically dictated by the strength of corporate travel in October and holiday travel around Thanksgiving and late December,” TD Cowen analyst Tom Fitzgerald wrote in a note Saturday.

Daniel Skelly, head of Morgan Stanley’s wealth management market research & strategy team, thinks we haven’t seen the last of the current market reshuffle, but argues that quality will ultimately dictate its conclusion.

Companies have little say in selecting these intermediaries; instead, brokers dictate the choice.

They want to push the game on - it has worked and suits their batters - but can they rein it in when the situation or, as in this case, the conditions dictate?

Howell articulated his theory of the global liquidity cycle that he believes broadly dictates markets’ behavior.