Morning Notes Jan. 16, 2018

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Although Alcoa announcing its quarterly earnings has always been the unofficial start to earnings season, times have changed.

  • Alcoa is still one of the first major companies to announce, but a few others have recently been announcing earlier.
  • Alcoa is expected to announce earnings this week and many others will soon follow.

The market continues to be bullish but will earnings season move it lower?

Key Reports this week:

  • Jan 17: Industrial Production
  • Jan 17: Beige Book
  • Jan 18: Jobless Claims
  • Jan 18: Housing Starts
  • Jan 19: Consumer Sentiment

On the Cryptocurrency front, in the early morning hours Monday, Bitcoin saw an almost 20 percent decline, dropping as low as $11,199, while Ethereum and Litecoin plunged more than 20 percent.

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Dr. Don Pratl is Director of Trader Development and Education for TradeStation. He joined TradeStation in 2016 after holding similar roles with other online brokerages. Don’s long career in the financial services industry reflects expertise in administering trading and investment strategy programs for retail investors as well as financial services professionals. Since the 1980s, he has held various positions in areas including CBOE trading floor order execution, marketing, sales, personnel management, training and customer service. Don holds series 3, 4, 7 and 63 FINRA licenses, earned his Ph.D. in Organization and Management, and his M.A. and B.A. in Political Science. He has been an occasional adjunct college instructor since 2004 at a range of institutions, teaching undergraduate, graduate and doctoral students using in-class and online formats.