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

Don't Fight the Fed? What About When the Fed Is Fighting Its Own Past?

The biggest risk to markets in the coming weeks is the realization that the Fed has already gone far too far, and the economy is rolling over.

Has the New Bull Market Started?

There are a few factors that will determine whether the bull is charging again, and most aren't arguing in its favor just yet.

Is Bad News Bad?

You Can Take Many Routes When You're Stuck in 'Neutral'

As we're neither here nor there (but a bit greedy and pessimistic), here are my positions on stocks, credit and rates.

More Room to Run?

The Battle Between What the Fed Wants to Do and What It Will Be Able to Do

Bulls face a big hurdle, but there a few things helping their case.

For the Fed, It's Jobs Vs. Everything Else

In normal times, the jobs number should have been great news. But these days, it all depends on how the Fed interprets the news....

The Fed Minutes

Brace Yourself and Adapt for What Could Be Weak Economic Data

The process of managing our wealth and risk in 2023 has begun.

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