Insights

Featured commentary, analysis, and ideas from our team.
Results for tag "federal reserve"
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Watch CIO Chris Recker on Market on Close discuss the Fed's impact on asset prices and projected returns. Recorded 12/7/20 on the TD Ameritrade Network.

 

How Japan’s Past Is Relevant to the U.S.

Today, the U.S. has an asset bubble comparable to Japan’s in 1989-1990, and so how Japan navigated an exit from their bubble can yield stylized insights on what might be in store for the U.S.

 

The Fed's New Look: Same As The Old

The Fed's Monetary Review looks like a continuation of the Greenspan school. If the Fed is successful in generating significant inflation, impacts on markets could follow.

 

Recession Caused by a Depression

We are now witnessing the recession that is following the depression. Job markets are troubled. The official unemployment rate in no way communicates reality of U.S. labor markets. Over 55 million initial jobless claims or nearly 33% of February labor force levels have been filed since March 12th.

 

Quicksand Economics (QE): Sacrificing Sure Footing

Through massive levels of unemployment and extreme factors pressuring small businesses, the pandemic shutdowns have introduced a new dynamic that could hinder the recovery.

 

The High Cost of High Prices

Instead of investing in the future of the U.S. with initiatives that seek a pay-off, recent bailouts and market manipulations will only hamper long-term growth. Is the U.S. heading toward Japanification?

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CIO Chris Recker joined the TDAN panel to discuss the precarious posture of the stock market, deteriorating fundamentals, and coronavirus risks. Recorded 2/20/20.

 

Equity Markets Have Disconnected from the Real Economy

By many measures the U.S. stock market is in a bubble. Valuations need to be justified by growth. Markets have diverged from fundamentals based on current and future expected performance.

 

Easing Cycle Fix: Saved by Zero?

The Federal Reserve's policy course change has ushered in a new wave of monetary easing. Are they signaling a severe level of concern?

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Video clip of CIO Chris Recker on the TD Ameritrade Network discussing what the Fed may be indicating with their current policy. Recorded 10/21/19.

 

Collateral Concerns 2008 vs. 2019

In 2008 short-term funding markets experienced issues that led to Fed intervention. They were a sign of increasing counterparty risk. Today, are the repo markets calling out again?

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TD Ameritrade invited CIO Chris Recker to discuss the wild swings in the repo market and his outlook on the economy. Recorded 9/17/19.

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CIO Chris Recker joined the Market on Close panel to discuss the state of the markets, China, trade, and monetary policy. Recorded 4/15/19.

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CIO Chris Recker discusses Federal Reserve interest rate hikes, economic data, and a flattening yield curve on the TD Ameritrade Network. Recorded 8/21/18.

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CIO Chris Recker was featured on TD Ameritrade Network to discuss Fed policy expectations and the potential effect on risk asset prices. Recorded 5/3/18.