Chris Ciovacco
Chris Ciovacco Articles
Just two short days ago the Fed told us the economic data did not justify tapering their monthly bond purchases. The stock market jumped higher. Less than 48 hours later,
Ben S. Bernanke reinforced his standing as the most activist Federal Reserve chairman in history by doing the unexpected: nothing. Wednesday before the markets opened and several hours before the Fed dropped the “no-taper” bomb on the...
The Bullish Trifecta Fed Statement. Reduce monthly bond purchases by $10B. Future tapering decisions will be data dependent. Pledge to keep interest rates low for an extended period.
The Fed has been telegraphing “tapering ” to the markets since late May, or for over four months. Unless you live under a rock, you are well versed on the concept of a Fed taper, which means few should be caught off guard if the...
The financial markets continued to rise early Tuesday afternoon based on a carryover from Monday’s news regarding Syria and China. The Washington Post noted hurdles remain on the Syrian front:
Quantitative Easing (QE) involves pumping freshly printed electronic dollars into the hands of the Fed’sprimary dealers in exchange for bonds. A bond is removed from the economy and new money is added. If the Fed is on track to reduce/...
Gold has been outperforming both stocks and long-dated Treasuries in recent weeks. Below are four possible scenarios for the yellow metal looking out several weeks:
My guess is many on Wall Street thought “no way” when they first heard the name Larry Summers mentioned as the possible next Fed chairman. Back on August 19 we made the argument that President Obama’s “artificial bubble” comments seemed to...
Experienced investors know we are in an era where central banks are playing a much larger than normal role in the financial markets. The Fed has openly talked about money printing and asset prices during their unprecedented three rounds of...
Since Ben Bernanke uttered the word “taper” before the summer kicked-off, the tone in the financial markets has been markedly different. Even though taper has been the hot term on Wall Street for three months, the market’s focus remains...
