Mike O’Rourke of BTIG says the market is expecting far too much of the Fed in November. He says the Fed is likely to act in increments as they always do with interest rate announcements. Therefore, O’Rourke says the current expectations of a $1.2T QE2 announcement at the next FOMC meeting is likely priced in already and far too optimistic. O’Rourke believes they’re unlikely to announce the “shock and awe” that the market is currently expecting:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.