Many economic analysts think the U.S. Federal Reserve is landing an airplane when determining how and when they raise interest rates. Landing an airplane and raising interest rates can be a decidedly complex task, particularly when unpredictable cross winds make quick calculation adjustments to glide path and landing trajectory mandatory. But Eric Peters, chief investment officer at Peters Capital Group in Greenwich, CT, thinks the plane landing analogy is all wrong. Eric Peters: Fed is looking for a strong wave The Fed is surfing; its riding a wave, the Peters Capital letter told his well-read audience. Great traders often speak…
Eric Peters Says Fed Is Surfing, Not Landing A Plane
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.