Real Money authors - Peter Tchir

Peter Tchir

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. 

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Recent Articles By The Author

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.

PCE and Markets

Zero Days to Expiration Options, Fed and Geopolitics: Big Risks in a Short Week

With what's leading the market these days, the central bank might just decide it is time to crush the 'animal spirits' like they did at Jackson Hole.

At Any Cost: Why Stocks Were Resilient in the Face of the CPI

Let's check in the on what just happened with the inflation report and my take on how to read the market move.

I'm Concerned About Deflation of the Balloon Kind and Inflation of the Fed Kind

There could be unintended consequences of shooting down balloons and other unidentified objects, while inflation remains an issue for the markets.

Wary of What's Ahead With the Fed, China and 0 Days to Expiration Options

All three stand to impact the markets, with the last of the trio potentially swinging market sentiment wildly from day to day.

A Simply Stunning Jobs Report: What You Need to Know

Anyone at the Fed worried at all about job and wage-driven inflation will have to talk hawkish now.

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