Don’s Notebook May 15, 2018

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Don’s Notebook May 15, 2018

Two things to focus on today:

  • The ex-auto ex-gas Retail Sales report released by the US Census Bureau which was a .3% increase. This is a glimpse at second-quarter consumer spending.
  • The outlook readings in Empire State Manufacturers Survey showed new orders were very strong and provided a General Business Conditions Index number of 20.1 beating expectations.

European data: Economic growth in the euro area was confirmed at 0.4 percent in this morning’s second reading of first-quarter GDP.

  • Germany’s economy grew at a slower-than-expected 0.3 percent.
  • There were also signs of a slowdown in growth numbers from central and Eastern Europe.
  • The U.K. wage data showed that workers had wage increases and unemployment held at a 43-year low of 4.2 percent, though productivity declined.

Earnings Reports today:

  • Goodrich Petroleum, Home Depot, Eagle Materials, Virtusa, National Vision Holdings are among the notable listings reporting.
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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.