Don’s Notebook February 20, 2018

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Strength of demand or the lack of it at today’s Treasury auctions could offer updates on rate expectations ahead of next month’s FOMC meeting. U.S. government bond issuance begins today, when the Treasury sells $151 billion of short-term notes and $28 billion of two-year debt.

On Wednesday at 2:00 p.m. Eastern time, the Federal Reserve is scheduled to issue minutes from its Jan. 31 monetary policy meeting, the last led by then-chair Janet Yellen.

Markets were mixed overnight Monday ahead of this important week for the U.S. Treasury supply.

SPX turned in best weekly performance in 5 years (+4.3%) however equities faded in Friday’s late trading after SPX hit the 61.8% level.

Notable corporate earnings announcements today include Home Depot, Duke Energy, Walmart, Medtronic and Boyd Gaming.

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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.