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.
The Employment Situation Report was released Friday. GameStop and Acuity Brands were moving in premarket trading. Energy and financial stocks outperform other sectors on rising oil prices and Treasury yields. The market discounts everything and continues to move as investors adjust. Opposing short-term trends can lead to greater market volatility.
Equity index futures are mixed as investors digest Wednesday’s selloff. The FOMC Minutes prompted a selloff in stocks and a rally in yields after revealing a more hawkish Fed. Growth stocks were among the biggest losers. The strong dollar could hurt multinationals. Earnings announcements from Bed Bath & Beyond, Constellation Brands, ConAgra, and Walgreens were mixed. Investors appear to be energized by inflationary sectors like energy and materials.
The JOLTS and ADP employment report provide insights into The Great Resignation. Investors buy energy stocks and sell technology stocks. Bond investors selling in favor of value stocks with bigger yields.
The U.S. dollar appreciates against the Japanese yen prompting a rally in the Japanese Nikkei. A big jump in the 10-year Treasury yield will likely entice foreign investment into Treasuries and continue to strengthen the dollar. Energy, consumer discretionary, financials, and value stocks were among Monday’s top performers. Financial stocks are gearing up to kick off earnings season later in January.
The Russell 2000 futures are leading other index futures higher on Monday morning which could be a good sign for traders monitoring the January Effect. Electric vehicle makers like Tesla and Nio are announcing higher-than-expected deliveries in the fourth quarter. Looking back at 2021, the S&P 500 large-cap stock index beat other equity indices. Breaking down 2021 by quarter, stocks had a lot to overcome last year.
Equity markets aren't moving much today, bond bonds are selling off which is driving up yields. TSLA, BABA, and CALM are all moving today. The health care sector has been outperforming over the past month.
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