Don’s Notebook January 30, 2018


It’s Showtime in America! At 9:00 p.m. this evening, President Trump will deliver his first State of the Union address to Congress. In this speech he is expected to promote his tax overhaul and unveil a $1.7 trillion infrastructure spend.

One of the brightest spots of the 2017 economy was home prices which rose about 6 percent by the various measures. Today’s Case-Shiller 20-city index for November is expected to show a 6.4 percent rate.

The benchmark U.S. 10-year Treasury yield’s rise above 2.7 percent for the first time since 2014 yesterday sent some nervousness into global equity markets.
Overnight, the MSCI Asia Pacific Index followed U.S. stocks lower, slipping 1.2 percent while Japan’s Topix index closed down 1.2 percent.

In Europe, the Stoxx 600 Index was down 0.5 percent at 5:45 a.m. Eastern Time, with energy and financial stocks among the biggest losers. S&P 500 futures pointed to a lower open.

Corporate earnings announcements continue today. Key names that announce today include: Danaher, Corning, Harley Davidson, Pfizer and McDonald’s.

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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.