Don’s Notebook February 21, 2018

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On Tuesday, the U.S. Treasury sold $179 billion of securities as it works to rebuild its cash balance, with yields at its auctions of three- and six-month debt rising to historic levels.

  • The U.S. debt auction schedule continues over the next two days.
  • The Treasury will sell five- and seven-year maturities and issue $15 billion of two-year floating-rate notes this week.

Walmart reported mixed Q4 results on Tuesday and missed market expectations, catching investors by surprise prompting a 10 percent sell-off in the stock. On-line sales growth disappointed observers.

Wednesday Existing Housing sales numbers for January are expected today, but according to Barron’s, the number of homes for sale are at a 19-year low and may limit January’s sales results.

Traders should watch for the FOMC minutes will be published later today for information about interest rate increases this year.

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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.