Don’s Notebook May 21, 2018

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Don’s Notebook May 21, 2018

The Chicago Fed National Activity Index (CFNAI) is a monthly index that tracks overall economic activity and inflationary pressures.

  • This national activity index — led by manufacturing and employment – displayed strength, posting a 0.34 in April following an upward revision of 0.32 in March.
  • The index was expected to climb today offering a reminder of the strength of the April employment report

Overnight Markets:

  • The MSCI Asia Pacific Index slipped 0.2 percent, while
  • Japan’s Topix index closed 0.1 percent lower with banks and insurers the biggest losers.
  • In Europe, the Stoxx 600 Index was 0.4 percent higher by 5:45 a.m. as an earlier selloff in Italian stocks eased.
  • German equity markets were closed for a holiday.
  • S&P 500 futures pointed to a gain at the open,
  • The 10-year Treasury yield was at 3.073 percent and
  • Gold was lower.

Canadian Markets are closed for the Victoria Day holiday.

Micron Technology holds its annual analyst and investor meeting.

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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.