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About Chris Ciovacco

Chris Ciovacco began his investment career with Morgan Stanley in Atlanta in 1994. With a focus on global macro investing, Chris uses both fundamental and technical analysis to assist in managing risk while looking for growth opportunities around the world in all asset classes. He is now the Chief Investment Officer at Ciovacco Capital Management.
Chris has been managing money and serving investors for over 14 years. His research and writings have recently been recognized by the allocation of a chapter to his work in the soon to be released book, Management of Hyperinflation and Deflation. Mr. Ciovacco has been quoted in several media outlets, including the Dow Jones Wire Service, MarketWatch, and Nasdaq.com.

Here are my most recent posts

Fed’s Tough Sell: Printing Vs. Pledging

Understanding QE Quantitative Easing (QE) involves pumping freshly printed electronic dollars into the hands of the Fed’s primary dealers in exchange for bonds. A bond is removed ...

QE: The Beginning of the End

Three Months Of Taper Talk Since Ben Bernanke uttered the word “taper” before the summer kicked-off, the tone in the financial markets has been markedly different. Even though ...

Fed Tapering: Not If, But When

As we noted recently, the Federal Reserve has explicitly mentioned tapering in their recent communications, and President Obama has commented numerous times on avoiding another round ...

Four Reasons To Respect The Bearish Case

Stock market bears have accumulated four feathers in their caps, which tells us to remain flexible and open to additional weakness in stocks: Four Feathers In The Bears’ Cap Economic ...

Can Bears Capitalize On Fed-Induced Momentum?

The Fed has taken extreme measures to kick start the economy. With fears of inflating another round of asset bubbles increasing, public statements from Fed governors in recent weeks ...

Despite Weakness, Big Picture Remains Bullish

Bears Calling For Another Top Since the S&P 500 bottomed on June 24, the calls on Twitter for an imminent peak have been frequent. At some point a true trend reversal will come, ...

Weekly Charts Holding Up Well

While there is no question we have some concerns in the form of slowing momentum, the damage to weekly charts is minimal. The S&P 500 does not look as good as the NASDAQ, but ...

Scared of Stocks? There Are Ways To Monitor Risk

The equity side of Wall Street coined the term great rotation to describe what they hoped would be a mass migration by investors from bonds to stocks. Many investors have not forgotten ...

The Bears’ Worst Nightmare

Tapering Is Base Case, But… The Fed’s tea leaves still infer the base case is some form of tapering to their bond buying campaign in September. However, if economic data continues ...

Is Good News Now Good News On Fed Front?

Improving Economy The good news is good news scenario is one where the markets focus on an improving economy. The good news is bad news scenario speaks to an increasingly likelihood ...