As Head Trading Strategist and Director of Derivative Strategy, Shawn is responsible for overseeing the development of the trader offering at TD Ameritrade, Inc. with a focus on products and platforms. He is also a regular contributor to shows on TD Ameritrade Network, media affiliate of TD Ameritrade, Inc., and appears frequently on media outlets such as CNBC and Yahoo Finance.
Shawn joined TD Ameritrade in 2011, and over the course of his tenure, he has held positions in Client Services, Education, Product Development, and Market Structure.
Shawn graduated from Illinois State University with a BBA in finance and economics and earned an MBA from the University of Chicago’s Booth School of Business. He holds Series 7, Series 24, Series 63, and Series 66 industry licenses.
Before attending Illinois State, he served as an infantryman in the United States Marines Corps. He is based in Chicago.
This morning’s ADP Employment Report showed signs that the Fed’s tight monetary policy might be cooling the hot labor market. Fed Chairman Powell’s speech this afternoon is likely to set the tone heading into Friday’s Nonfarm Payrolls report. Meanwhile, the second Q3 GDP estimate popped slightly.
Stocks might lack direction today as investors await tomorrow’s speech from Fed Chairman Powell and critical jobs data later this week. Consumer confidence and some housing data are on the docket today.
After a volatile and often disappointing 2022, the new year approaches with key questions facing investors including how high and for how long the Fed raises rates. Investors also will need to consider the path of future earnings and geopolitical issues like potential global recession, energy costs and U.S. relations with China and Russia.
Volatility is back after weekend unrest in China. So far, the energy sector is taking most of the blow, but mega-caps are also under pressure amid concerns that Chinese demand could slip and U.S. multinationals may encounter fresh obstacles. Beyond that, it’s a jammed data week with plenty of Fed speakers—including Fed Chair Powell on Wednesday.
> It’s Black Friday, but will inflation-battered shoppers show up? Today’s holiday-shortened trading session closes at 1 p.m. ET, so be on the lookout for possible sharp moves as volume is likely to be thin. However, next week brings a major delivery of critical data.
Stocks looked relatively flat and directionless as investors digested a slew of data ahead of this afternoon’s Fed minutes. Volume has been very light the last two days, meaning yesterday’s rally could be discounted for a lack of depth. On a big data day, initial claims rose but so did durable goods, presenting a mixed picture so far.
> Today could be a headline-driven day, considering no major data will be released. See if Fed speakers and the performance of mega-cap stocks set the tone. However, tomorrow is packed with data, including October new home sales and the latest Federal Open Market Committee (FOMC) meeting minutes.
Markets were under pressure this morning as China continues to struggle with COVID-19, but Disney shares skyrocketed after a surprise CEO change. This holiday week crams a large amount of data into Wednesday, along with Fed minutes. Volume might be thinner than normal, so consider being cautious with any trades.
Wall Street got a pre-holiday lift this morning despite falling crude prices and rising Treasury yields. A slew of strong retail earnings and guidance might be providing some support, but lower crude could put pressure on energy stocks. Also, the pre-Thanksgiving slowdown in data and earnings may make thinner trading—and volatility— more possible.
The euphoria that accompanied milder-than-expected inflation data seems to be fading as investors contemplate decent housing data, hawkish Fed words, and a mixed batch of retail earnings.
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