Don’s Notebook July 23, 2018

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The National Association of Realtors reports Existing-Home Sales data today and forecasters are calling for a consensus of 5.440 million annualized rate in June vs 5.430 million in May.

Overnight Notes:

  • The MSCI Asia Pacific Index rose 0.1 percent
  • Japan’s Topix index closed 0.4 percent lower in a dramatic session fueled by reports the Bank of Japan may be planning changes to ultra-loose policy.
  • In Europe, the Stoxx 600 Index was 0.1 percent lower at 5:45 a.m., as investors digested the Fiat leadership change and company earnings.
  • S&P 500 futures were pointed toward a drop at the open

Economic Report Notes:

  • Jul 23: Existing Home Sales
  • Jul 25: New Home Sales
  • Jul 26: Jobless Claims
  • Jul 26: Durable Goods
  • Jul 26: International Trade
  • Jul 27: GDP
  • Jul 27: Consumer Confidence

Earnings Report Notes: This week is all about earnings, with several big-name stocks set to announce. Outcomes from these announcements could affect where the market goes this coming week. This morning’s reports include Cal-Maine Foods (CALM), Halliburton (HAL), Hasbro (HAS), Illinois Tool Works (ITW), and Netgear (NTGR), while Google parent Alphabet (GOOGL), TD Ameritrade (AMTD), Whirlpool (WHR), and Zions Bancorp (ZION) are among the companies set to report after today’s closing bell.

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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.