JJ began his career as a Chicago Board Options Exchange (CBOE) market maker in 1985. He also worked for ING Bank and Blue Capital, and was Managing Director of Option Trading for Van Der Moolen USA. In 2006, he joined thinkorswim®, which TD Ameritrade Holding Corp. acquired in 2009. After leading the Educational Events team, he became Managing Director of Active Trader Services in 2009.
A 30-year trading veteran based in Chicago, JJ is a CNBC "Fast Money" guest and is frequently quoted in The Wall Street Journal, Financial Times, and Reuters News.
As Chief Market Strategist at TD Ameritrade, JJ is a frequent contributor to The Ticker Tape. His column, Daily Market Update, helps readers prepare for the trading day ahead.
As Host of Real Talk with JJ Kinahan, a weekly talk show on TD Ameritrade Network, JJ looks at the big picture of trading trends and chats with key influencers in the trading world. Real Talk with JJ Kinahan airs every market day at 11:30 am and 1:30 pm CT on TD Ameritrade Network.
On Wall Street, investors this morning seem to be a bit upbeat, heartened by developments on the trade front and by yet another major economy cutting interest rates.
A Fed rate cut yesterday doesn’t appear to be helping the market much today. Existing home sales are due later this morning and other central banks left rates unchanged.
In a move widely expected by the market, the Federal Open Market Committee lowered the target fed funds rate 25 basis points to a range between 1.75% and 2%. This marks the second cut in as many months. Despite expectations, stocks fell on the news.
The Fed is widely expected to cut rates this afternoon, so there’s not much intrigue there. However, FedEx earnings last night might have raised some eyebrows as trade pressure seems to be affecting its business.
The Fed meets today with chances of a rate cut still high but down from where they were. Geopolitics are still front and center as people assess crude’s huge rally and wait for more news from the Gulf.
Focus could shift toward the Energy and transport sectors of the market today as investors assess the impact of the weekend attack on Saudi Arabia. Crude is up 10% to start the week.
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