Don’s Notebook February 9, 2018

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Thursday was another bad day in the market. Analysts say this moves the major indexes into a “correction.” News reports state that investors have pulled out 24 billion from stock funds in the last week. However in the pre- market it looked like Futures prices pointed to a market rebound this morning. Discussion of future Interest rate hikes this year have also worked against higher stock prices. Bond Market pricing shows a marketplace concern about increased government spending.

  • December Wholesale Inventories increased 0.4%, (Barron’s Consensus was +0.2%) increase. November reading revised to +0.6% from +0.8
  • Brookfield Infrastructure Partners, Cboe Global Markets, Moody’s, and Pacific Gas & Electric are notable corporations releasing quarterly earnings today.
  • Central Bank of Russia announces their Interest Rate decision
  • Fitch reviews credit ratings for Germany, Finland and Czech Republic
  • The 2018 Winter Olympic Games Opening Ceremonies take place in PyeongChang, South Korea
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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.