Chris Ciovacco
Articles by Chris Ciovacco
Money Printing Brings Opportunities And RiskWe live in a time with unprecedented and simultaneous easy-money policies from the world’s largest central banks; the Federal Reserve, the European Central Bank, and the Bank of Japan. Easy...
Bonds Have Not Turned vs. StocksIn the wake of Wednesday’s Fed announcement, the exchange traded fund (ETF) landscape was aligned with the consensus forecast for monetary policy. From The New York Times:The Federal Reserve,...
Better Than Expected In MidwestWhen the Fed governors prepare to turn in for the night, their prayers undoubtedly call for some improvement in the economy. As noted Monday, the Fed is hoping the economic coals will take over...
Problem Solving Bias – We All Have ItStudies show that we all approach problems with an educational bias. For example, engineers develop solutions with math, and CFOs approach problems from a financial perspective. Therefore, it is...
Fundamental Coals Have Not Caught FireThose of you who have experience with old-school charcoal grills know lighter fluid is used to prime the proverbial pump until the coals can take over. Quantitative easing (QE) is the Fed’s...
Optimism About Monetary StimulusIf you are relatively new to the markets, it is important that you take the time to understand how the Fed impacts asset prices. Clients often scratch their heads trying to understand how to match up tepid...
Economic Laboratory Was Open TuesdayTuesday’s monthly labor report provided us with an excellent opportunity to monitor investors’ expectations about the important battle between economic forces that create inflation and those that create...
Fed-Induced Mania or Massive Underperformance?The Federal Reserve has injected billions of dollars of freshly printed money into the global financial system via quantitative easing (QE). If you understand how QE works in the real...
The Next ObsessionMarkets tend to be a bit obsessive. In recent months, traders shifted from taper-gate to familiar political posturing in Washington, D.C. The next obsession may be earnings. From Yahoo Finance:By some measures, third...
Announcement Seen As Calming InfluenceAccording to media reports, Janet Yellen will be formally announced Wednesday as the nominee to head the Fed. From The Wall Street Journal:President Barack Obama plans to announce Wednesday he is...
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