Joe Terranova
Joe Terranova is Senior Managing Director and Chief Market Strategist of Virtus Investment Partners, a premier asset management firm. He is responsible for Virtus’ investment oversight function and represents the firm as a client-facing thought leader, providing insight into the domestic and global investing landscape. He also developed the Terranova US Quality Momentum Index, which provides systematic exposure to domestic large-cap companies exhibiting both quality and momentum characteristics. Prior to joining Virtus in 2008, Terranova spent 18 years at MBF Clearing Corp., rising to the position of director of trading for the company and its subsidiaries. Before joining MBF, he held positions at both Swiss Banking Corp. and JP Morgan Securities. Since 2008, Terranova has been a CNBC ensemble member, appearing regularly on the Halftime Report, Squawk Box, and as a contributor of financial content across CNBC’s media and digital platforms. He is the author of “Buy High, Sell Higher,” which gives practical advice on investing based on his experience as a trader.
Joe Terranova Professional Experience / Academic History
Professional Experience
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Senior Managing Director and Chief Market Strategist
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Ensemble Member
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Chief Alternatives Strategist
Academic History
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B.S., Finance
VIRTUS
As Chief Market Strategist, he works with Virtus' investment management teams and the financial advisors.
He provides insight into the domestic and global investing landscape for such asset classes as equities, commodities, fixed income and currencies.
He also represents Virtus as keynote speaker and moderator for financial institution conferences at Morgan Stanley, UBS, Fidelity, Credit Suisse, Wells Fargo and Merrill Lynch.
His Terranova US Quality Momentum Index reflects the investing principles in which Terranova has utilized to assess the markets throughout his career.
In November of 2020, Virtus introduced a Nasdaq listed ETF (JOET), that seeks to track the performance of the Terranova US Quality Momentum Index. As of February 2024, the JOET ETF has $90 million in AUM.
MBF CLEARING CORP
Joe managed more than 300 traders and support staff for MBF, one of the New York Mercantile Exchange’s largest firms.
His work was highlighted as the feature story in the June 2004 issue of Futures magazine.
He oversaw MBF's proprietary trading operations during some of the most calamitous times for the U.S. markets, including the first Gulf War, the 1998 Asian Crisis, 9/11, and the collapse of Amaranth Advisors.
MARKET CALLS
In 2003, Joe was one of the first Wall Street professionals to make an early call for higher energy, natural resources, and commodity prices.
In June 2008, he cautioned investors to move to the sidelines in commodities.
In March 2009, he encouraged investors to ignore the global “embracement of pessimism” and overweight equities.
PHILANTHROPY
Joe is passionate about charitable work. He created the 501(c)(3) South Nassau Rock organization.
He also established “Bossy’s Bunch,” a program that rewards excellence in the classroom for elementary students.
In 2013, he established and financially sponsored “The Courier of Courage” with the New York Islanders, while also actively supporting the Islanders Children’s Foundation and Smile Train.