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T3’s Take 3: A Record High in a Serious Snoozefest

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What do you really know about prop trading? Join my friends Amber Capra and Sami Abusaad for a FREE live webinar on the exciting world of prop trading, including: The unique financial benefits of a prop trading account How to select a program that’s right for you Pitfalls you must avoid Click here for more […]

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The Morning Hammer: Most Boring Stock Market Ever

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1) YAWN! I like being right… but not today. I’ve been calling for a sideways grind in August but it’s growing painful. We had a nice up day on Friday with some real movers, but today, the indices are barely moving, and outside of energy and biotech, there aren’t many real movers. It feels like […]

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Earnings Season Review: When Not That Awful Is Good Enough

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FactSet just updated their second-quarter earnings season stats for S&P 500 companies so let’s take a look at just how awful things are: -69% of companies are beating earnings estimates (vs. 5-year average of 67%) -54% of companies are beating sales estimates (vs. 5-year average of 55%) -Q2 earnings have declined -3.5%, which is less […]

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Steve Levay’s Morning Call Express Video

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In today’s Morning Call Express video, T3’s Steve Levay breaks down the action in SPY, as well as individual stocks like AMZN, TWLO, and SCSS.

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Market Analysis: There Is No Such Thing As a Perfect Rally

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If you look for perfection, you’ll never be content. -Leo Tolstoy Markets are mostly in a happy mood following Friday’s NFP-driven rally. I have serious doubts as to whether the Fed’s going to raise this year, but traders are now pricing in a 47% chance of a December rate hike, up from 9% post-Brexit. I […]

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T3’s Take 3: SPX Makes Record High on Huge Jobs Report

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1) Jobs Report Delivers, and Then Some! For the second month in a row, the monthly nonfarm payrolls report blew away expectations. The US economy added 255,000 jobs in July, easily smashing the 180,000 consensus. Plus, June and May’s numbers were revised higher, and average hourly earnings beat forecasts with a 0.3% gain. With two […]

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The Morning Hammer: Massive NFP Report Makes Bears Cry

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1) Most Impressive! SPX just made new all-time highs above 2181 and is holding strong on the huge jobs report. We’re also seeing very nice outperformance in the Russell 2000 and Nasdaq. I thought it would take a rebound in bonds and gold to keep the equity move rolling, but I’m not going to argue […]

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July NFP Report Instant Analysis: Is a Reversal in the Wings?

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The July NFP report hit this morning at 8:30 a.m. ET and it was pretty impressive. The headline number was 255k, smashing the 180k consensus. We also saw an 18k upward revision to the past 2 months and better-than-expected hourly earnings. This is the second big beat in a row, which has the big May […]

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For the Love of Everything That Is Holy, Can We Please Get a Real Move?

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With market volatility at 20-month lows, I’m falling asleep. It’s like April-May all over again, but worse. Thankfully, we’ve got a pivotal NFP report coming today at 8:30 a.m. ET. So maybe, just maybe we’ll get some real movement today. Economists are looking for 180K on the headline number, 0.2% MoM growth in hourly earnings, […]

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Morning Call Express: S&P 500 and The NFP Market Mover

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In today’s Morning Call Express, Jeff Cooper talks about the recent range in the SPX and how it has been one of the tightest on record. He also talks about many underlying internals that could lead to a significant move lower.

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