The ASX has entered yo-yo mode.
Aussie equities posted their best result since Donald Trump's election on Tuesday, in a bullish follow up to yesterday's market rout that wiped 7.3 per cent from the local bourse.
And despite capital markets going cold and new deals being thin on the ground for the past fortnight, a beacon of hope arrived on Tuesday in the form of an American private equity firm.
Street Talk can tonight reveal Madison Dearborn Partners has struck a deal with local PE bigwigs Quadrant Private Equity in its first ever play Down Under.
The deal in question values the target at as much as $1.5 billion. We've got all the details.
Meanwhile, the Silver Donut was the latest investment bank to activate its split team coronavirus contingency plan on Tuesday.
And all roads lead to ... Rhodes. A suburb north-west of Sydney's CBD where Macquarie has its back-up office.
Finally, we get to the bottom of why Pacific Equity Partners finalised its deal to buy Zenith Energy right before a market rout and have an update on buy now, pay later ASX wannabe Laybuy. | 
