Peter Tchir started his career at Bankers Trust and later at Deutsche Bank, running high-yield derivatives. He has traded all manner of fixed-income products, both on the sell side as a market maker and as a portfolio manager at a fixed-income hedge fund. During the financial crisis he ran the U.S. CDS-index business (made famous by The Big Short) for RBS. He was an early adopter of fixed income ETFs and has worked closely with the biggest traders, users and providers.
Tchir received B.S. in mathematics and computer sciences from the University of Waterloo and an MBA with distinction from Vanderbilt University, where he also won the Matt Wiggington Leadership Award for outstanding performance in finance.
Tchir describes his investing style as contrarian by nature and uses macroeconomic analysis to think about the next 3% to 5% move in the S&P 500, often a timeframe of weeks to months rather than years. When he’s not thinking about market movements (it’s rare!), you can find him applying his competitive spirit on the golf course.
Recent Articles By The Author
Four of the Most Important Concerns for Investors and the Market This Week
Things are moving fast, and believe it or not there's even some 'good-ish' news out there.
Say, Shouldn't the Fed's Prime Mandate Be to Prevent Runs on Banks?
The central bank's obsession with reining in inflation seems to have come at a cost of putting bond portfolios in the tank and thus some banks at risk.
Banks Might Have Gotten Hit Too Hard
Let's look at the non-farm jobs report, the debt ceiling fear, uncertainty, and doubt in banks.
The 2-Year Treasury at 5% Looks Hot, Maybe Too Hot
If you buy the 2-Year because you're afraid stocks will fall further, you could be end up buying stocks higher later. Here's my take on this Treasury play.
Sizing Up Stocks and Bonds as a Cornucopia of Jobs Data Awaits
Credit is looking strong and stocks seem to be responding well to spending cuts, but zero days to expiration options are a wild card.
Zeroing in on 0DTE: A Trading Tool to Try or a Trigger to Volmageddon?
These options contracts that void just hours after they're traded have taken the investing world by storm, so you better know what they are, how they're used and why they're so hot.
The Economic Data Have Turned, and I'm Turning, Too
However, Russia's war against Ukraine remains a wild card for the markets.
Are We Now in the Fifth Stage of Rate-Hike Grief?
Lots of other things will drive markets as we end earnings season, and the Fed seems largely priced in.