By Scott Redler, T3Live
Scott Redler, Chief Strategic Officer of T3 Live and Chelsea Oliver host the Morning Call Express for Tuesday, May 31, 2016. This morning we see mixed markets around the world as we are about to start the month of June. Europe is taking a breather with most areas flattish. Asia is having a strong session. The Nikkei is up .9% making it 5-6 sessions. The Shanghai is having a big session up 3.2% as there is talk of this Exchange getting added to the MCSI World index that could bring flows and a little more credibility. Here we are again flirting with SPX 2100 and possibly all time highs. Seems like markets are getting more comfortable with a possible Summer rate hike. Odds of a June 15th rate hike, zero a few weeks ago, stand today at 30% and 54% for June 27th.
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About Scott Redler
Scott has been trading equities for more than 15 years and has more recently received widespread recognition from the financial community for his insightful, pragmatic approach. He began his career as a broker and venture capitalist where he was able to facilitate relationships that led him into trading. Beginning his trading career at Broadway Trading in 1999, Scott moved on with Marc Sperling to Sperling Enterprises, LLC after establishing himself as one of the best young traders in the firm. As a manager at Sperling Enterprises, he maintained his status as a top trader at the firm while working closely with all traders in the firm to dramatically increase performance. Scott has participated in more than 30 triathlons and one IronMan triathlon, exhibiting a work ethic that also defines his trading. His vast knowledge and meticulous attention to detail has led to regular appearances on CNBC, Fox Business and Bloomberg, and he has been quoted in the Wall Street Journal.