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Category: In the Trenches

The Narrative Matrix

New from ET contributor Pete Cecchini ... We talk all the time about the informational efficiency of markets. What if the real dimension we should fo…
Peter Cecchini March 2, 2020
4 Comments

A Cycle of Addiction

Negative rates create a cycle of addiction to even more negative rates in the future. Why? Because captive buyers like pension funds require capital…
Peter Cecchini November 26, 2019
4 Comments

License to Kill Gophers

The desire of central banks to forestall recession at all costs reminds us of the war that groundskeeper Carl Spackler had with the gopher in Caddysha…
Peter Cecchini August 22, 2019
3 Comments

In the Trenches: Cake

The recent rally in U.S. equities is largely a result of market participants believing they can have their rate-cut cake and eat it, too. ET contribu…
Peter Cecchini June 19, 2019
1 Comment

In the Trenches: Less Is More

At some point, all Fed Chairs learn that their primary function is just to wave their hands. Jay Powell has learned this sooner than most. ET contrib…
Peter Cecchini May 2, 2019
1 Comment

In the Trenches: Command and Control

It all started with the Maestro, Alan Greenspan, and his determination to create a Great Moderation. And it was all going so swimmingly, too, until th…
Peter Cecchini March 12, 2019
11 Comments

In the Trenches: Bridge Out?

ET contributor Pete Cecchini, better known as Cantor Fitzgerald's Chief Market Strategist, is back with the December installment of his series, In the…
Peter Cecchini December 13, 2018
0 Comments

In the Trenches: A False Sense of Stability

In the first note from new Epsilon Theory contributor Peter Cecchini of Cantor Fitzgerald, Peter gives us a window into what a false sense of stabilit…
Peter Cecchini November 2, 2018
0 Comments
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