Don’s Notebook May 17, 2018

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Don’s Notebook May 17, 2018

The latest Initial Unemployment Claims data tracks the employment report’s sample week and previews what to expect for the May employment report.

  • Initial claims in the during last week, (which is also the sample week of the monthly employment report) came in at 222,000 which is higher than expected and up 11,000 from the prior week but a comparison with the sample week of the April employment report shows an 11,000 drop.

Overnight Markets were mixed:

  • In Asia, the indexes closed mixed at the end of that trading day.
    • The Hang Seng showed the greatest change, down by 0.54%.
    • The MSCI Asia Pacific Index slipped 0.2 percent
    • Japan’s Topix index closed 0.5 percent higher as the yen held recent losses against the dollar.
  • In Europe, the Stoxx 600 Index was 0.2 percent higher this morning with oil producers among the best performers as crude prices continued to rise.
    • S&P 500 futures pointed to a slight drop at the open
    • Gold was lower
  • Earnings Calls Today include: JC Penney, Walmart, Kemet, Vivendi, Applied Materials and Nordstrom
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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.