Don’s Notebook February 27, 2018

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Today is Fed Chair Jerome Powell Day as he tees it up for the first time as Fed chief. What he says today before Congress about the outlook for inflation and about bank regulation will be watched with scrutiny. Stay tuned…

The S&P Corelogic Case-Shiller HPI 20-city adjusted home prices rose a strong and as-expected 0.6 percent in December. Monthly gains are all led by Western names: Denver and Seattle at 1.2 percent and San Francisco and Las Vegas at 1.1 percent.

New orders for manufactured durable goods in January decreased $9.2 billion or 3.7 percent to $239.7 billion, the U.S. Census Bureau announced today. This decrease, down following two consecutive monthly increases, followed a 2.6 percent December increase.

The latest Conference Board Consumer Confidence Index was also released this morning based on data collected through February 15. The headline number of 130.8 was an increase from the final reading of 124.3 for January, a downward revision from 125.4.

American Tower, Bank of Montreal, EOG Resources, Live Nation Entertainment, Macy’s, Square, Inc., and Toll Brothers hold earnings conference calls.

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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.