Don’s Notebook March 5, 2018

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The service sector is the day’s focus with both the Purchasing Managers’ Index and the Institute for Supply Management revolving higher in their last reports. PMI held on to its strong mid-month gains with a final score of 55.9 to match the February. This is up 2.6 points from January. The ISM non-manufacturing index came in at 59.5 in February following this morning’s services PMI.

Overnight, the MSCI Asia Pacific Index fell 1 percent, while Japan’s Topix index closed 0.8 percent lower as concerns over a potential trade war weighed on exporters across the region.

In Europe, the Stoxx 600 Index was 0.6 percent higher at 5:40 a.m. ET, as the measure rebounded from a one-year low reached on Friday.

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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.