Don’s Notebook February 14, 2018

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U.S. consumer price data — the most anticipated inflation reading in recent memory — posted at 8:30 a.m. Eastern Time.
Headline CPI rose 0.5% in January, compared with a forecast of 0.4%. Core CPI stood at 0.3%, versus a 0.2% consensus estimate.

The release comes after the recent global plunge in stocks and bonds, which was said to be driven in part by fears that rising prices would spur the Federal Reserve to hike rates faster, potentially sending valuations in equity and credit markets back down to Earth.

The U.S. dollar rallied higher after stronger January consumer price inflation data on Wednesday. Equity markets opened lower but have rebounded somewhat at this time.

Watch the VIX today. VIX options are set to expire (the Cboe Volatility Index tends to have bigger swings on days its contracts mature, with intraday moves of 13 percent in recent months.)

Earnings Announcements and Shareholder’s Meetings today include:

  • Agilent Technologies
  • Applied Materials
  • Barrick Gold
  • Cisco Systems
  • Franklin Resources
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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.