Portfolio Manager George Cipolloni joined Oliver Renick on TD Ameritrade Network following the release of January’s CPI data, where he shared what we can expect from the Federal Reserve in the near-term. George also weighed in on market psychology, the importance of fundamentals and where he’s finding value in today’s environment.
To view George's full TD Ameritrade Network appearance, click here.
CBOE Volatility Index (VIX) – A real-time index that represents the market’s expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). Because it is derived from the prices of SPX index options with near-term expiration dates, it generates a 30-day forward projection of volatility. Volatility, or how fast prices change, is often seen as a way to gauge market sentiment, and in particular the degree of fear among market participants.
Credit Spread – The difference in yield between a U.S. Treasury bond and another debt security of the same maturity but different credit quality.
Free cash flow (FCF) – Represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the non-cash expenses of the income statement and includes spending on equipment and assets as well as changes in working capital from the balance sheet.
Discussion is a manager's opinion, and is subject to change. It is not intended to be a forecast of future events, a guarantee of future results, and should not be regarded as investment advice.
References to securities or Fund are not a recommendation to buy or sell.
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