Don’s Notebook August 6, 2018

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Market Notes: With no economic data due for release, Monday’s focus is likely to be the latest on U.S.-China trade issues.

  • Stocks finished last week off on a strong note after another solid day of earnings quieted some tariff concerns.
  • The S&P 500 Index was up 0.8% for the week to mark the fifth week in a row of an upward swing.
  • The Dow Jones Industrial Average pushed out a 0.1% gain for the week.
  • The Nasdaq closed the week up 1.0% after Apple’s visit to a $1T market cap level encouraged investors.

Overnight Notes:

  • The MSCI Asia Pacific Index stayed steady while Japan’s Topix index closed 0.6 percent lower.
  • European stocks were little changed at 5:50 a.m. ET
  • The Euro was flat after German manufacturers took a hit in June.
  • The pound fell for a third day following the prediction by a key U.K. minister that the nation will face more complications post-Brexit

Report Notes: Economic reports are extremely slow especially when compared with the past several weeks, but there are still a few worth mentioning listed below

  • Aug 7: JOLTS
  • Aug 9: Jobless Claims
  • Aug 9: PPI
  • Aug 10: Consumer Price Index
  • Aug 10: Treasury Budget

Earnings Notes: Quarterly earnings are tapering off. Some Notables today include Cardinal Health, Etsy, Henry Schein, Sempra Energy, SoftBank Group, Vistra Energy and Zillow Group

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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.