Don’s Notebook April 13, 2018

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For today’s trade observers tell us to should watch for labor market stress in the JOLTS report and whether job openings continue to far outpace hirings.

The preliminary reading for April of the University of Michigan Consumer sentiment index came in below the low estimate, at 97.8 for the preliminary April index.

  • Expectations fell 1.2 points to 86.8 but the easing so far this month is centered in current conditions which are now at 115.0 and well off the extremely strong 121.2 of March.
  • The decline in current conditions hints at trouble for April consumer spending and may be, like weekly jobless claims, an early negative signal on the month’s labor market.

Notable earnings to be released today: Citigroup, JP Morgan Chase, Wells Fargo and PNC Financial Services reporting results.

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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.