All posts by Michael Comeau
The Morning Hammer: Time for a Break?
Global equities are down for the first time in 5 days as profit-taking sets in. We’ve had a nice central bank-driven surge over the past 2 days and markets are taking a break. Crude oil is red but off morning lows after Bloomberg reported that Saudi Arabia may have offered to cut production if Iran […]
Continue Reading -->Scott Redler’s Daily Recap Video: Stocks Are Still Rallying
In today’s Daily Recap Video, T3 Live Chief Strategic Officer Scott Redler breaks down the post-Fed action.
Continue Reading -->T3’s Take 3: NASDAQ Smashes to Record High on Post-Fed Optimism
Prop Trading Information Session Starts Soon! Click here to get in the room now! 1) All-Time Nasdaq Highs The Nasdaq Composite slammed to a new all-time 5341.88 all-time high today on continued momentum in large-cap technology and biotechnology shares. Traders remain pleased with yesterday’s Fed statement, which indicated a slow and steady rise in interest […]
Continue Reading -->Newsflash: This Stock Market Is Not Loved
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. Neither side likes to provide evidence for their views. So I regularly run through a wide variety of sentiment measures to get a realistic reflection of the market’s mood. According to 7 sentiment measures I track, traders are slightly bearish, even though we’re within […]
Continue Reading -->T3’s Take 3: Hawks and Doves Collide on Fed Day
WEBINAR: Prop Trading May Not Be Right For You… But it has incredible financial benefits for many, many traders and could make a difference in your bottom line. Click here to learn more… 1) Bank of Japan Starts a Party The Japanese Nikkei and Topix indices had a great night after the Bank of Japan made its monetary policy […]
Continue Reading -->The Morning Hammer: Japan Gets Us All Warmed Up for the Fed
The Japanese Nikkei and Topix indices had a great night after the Bank of Japan made its monetary policy announcement. The Bank did not go deeper into negative rates as had been rumored, but will instead focus on controlling rates and steepening the yield curve. A steeper yield curve means bigger profits for financial institutions, […]
Continue Reading -->5 Keys to Understanding Tomorrow’s Big Fed Day
1) The Hawk Setup Traders are now pricing in a 22% probability of a rate hike tomorrow and a 58% probability for December. For the past month-and-a-half, Fed heads including FOMC Chair Yellen have been spinning a hawkish tale, seemingly to get markets prepared for a rate hike. Now, I have to wonder: if the Fed’s […]
Continue Reading -->What’s Happening: It’s the Final Countdown to the Fed Mystery
We’re one day away from a very big Wednesday featuring FOMC and Bank of Japan rate decisions. Right now it looks like the BoJ is a bigger deal, since most traders think a Fed rate hikes is off the table tomorrow. Fed Funds futures imply a mere 20% probability of a rate hike. Bloomberg ran […]
Continue Reading -->The Morning Hammer: Ahead of the Fed, Markets Show Fear
Global markets are rallying this morning as commodities rebound and the dollar retraces ahead of Wednesday’s big FOMC rate policy announcement. Traders are pricing in a mere 20% probability of a hike this Wednesday, so traders will mostly be looking for clues to see if the Fed moves in December. Europe is up nicely despite continued weakess […]
Continue Reading -->The Morning Hammer: Is Today a Big Day?
I thought yesterday would be a big down day for the market with yet another string of economic data misses, and I was wrong. Equities were pretty strong yesterday, with nice action in biotech and large cap tech. This morning is another story. Deutsche Bank (DB) said the US Department of Justice is seeking $14 […]
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