Jim Iuorio and Scott Nations on Fed Tapering

On a CNBC program (Into the Futures), Friday noon, Jackie DeAngelis, took a quick look at what’s in store for the market this week. What’s the best way to play this week’s Fed announcement? “The FOMC is expected to continue on autopilot at the meeting on Tuesday and Wednesday and tapering will very likely continue – bringing the Fed’s monthly asset purchases to USD35bn” (ActionForex). Jim Iuorio and Scott Nations discussed these, and some other topics, with Jackie DeAngelis.

First off, what’s “tapering”? “Tapering” refers to the reduction in the size of the U.S. Federal Reserve’s bond-buying program, known as quantitative easing (QE). The program was conceived as a stimulus for the economy, but in practice, it has also helped support the financial market performance.

Regarding this issue, Jim Iuorio stated:

“I think they [the Fed] will continue with everything as planned; with a $10 billion dollars taper. The wild card here is that the increased debt of ‘15, with the situation that seems to be heating up in a rack, I don’t think they could do that right now. The ironic part is that, absence of that, the Fed could accelerate tapering, just because of the fact that the ECB and the BOJ still keep throwing the pudding in the system, and people will be probably buying our bonds anyways. But definitely keep an eye on Wednesday [on the Federal Reserve Open Market Committee, FOMC, meeting], it will be interesting”

Following, Scott Nations talked about his best trade this week:

“I want to be sure at the SoP, for some of the reasons that Jim has laid out, and he’s talking about the Fed, which is absolutely vital (…) Middle of last week, the taper going to $15 billion a month; that was actually probably going to happen. And on Monday of last week, the Fed’s speak was really chesty. People saying that they really wanted to increase interest rates faster than we would have thought. Now, given the way that Iraq dominated the news of last half of last week, we’re probably not going to see some of that, but they will keep the track of the taper, and that’s actually probably not all that the stock market needs. The stock market needs them to be a little bit more dovish right now.”

Disclosure: none

 

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!