Chris Ciovacco
Articles by Chris Ciovacco
China’s major policy shiftConcerns are not showstoppersTech bubble case not convincingFractals lean bullishFed providing liquidityPolicy Shift Turns Laggard Into LeaderHealthy and sustainable bull markets tend to lift all equity...
Ongoing QE-Tailwind For StocksUsing simple principles of human nature, we can conclude the Fed, and central banks around the world, will continue to print money longer than most market participants believe. Therefore, a bullish tailwind...
Market’s Pricing MechanismAs we outlined using an example with Facebook on October 25, the value of the ETFs in your portfolio are determined by the aggregate opinion of millions of investors around the globe. If the aggregate opinion...
The Fed Significantly Impacts MarketsThe longer you are involved with the financial markets, the more you respect the market’s obsession with the Fed. The quantitative easing process (QE) pumps money into the global financial system. The...
It’s Always About The FedWe are not big fans of quantitative easing (QE), but a fair question is where would the markets, economy, and employment be if the Fed had never printed money? The obsession with the Fed says QE matters to...
Twitter SentimentWe were very reluctant to “get on Twitter” a few years back, but have found it to be a great source of anecdotal information allowing us to monitor investor sentiment. Since the October 9 intraday low in stocks, the trend...
While common sense tells us “printing our way to prosperity” seems like an unlikely longer-term outcome, in the short run it can help push stock prices higher. From Bloomberg:The global currency wars are heating up again as...
Three Tailwinds Could Converge For BullsCentral banks continue to print13-year S&P 500 breakoutThe economy is still growingWe Can Accomplish More Working TogetherThe man sitting in the big chair at the European Central Bank (ECB...
Taper Obsession ContinuesThursday’s better than expected U.S. GDP numbers were interpreted by the markets as “good economic news is bad news on the Fed tapering front”. From Bloomberg:U.S. stocks fell, dragging the Standard...
Pullbacks Do Not Always Come When Crowd ExpectsMarkets must climb a wall of worry. The long-time expression on the Street is backed by common sense. If investors are worried, then it stands to reason that they may have kept some...
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